Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0764%/8h= −83.7% APRpaid last 24h −0.136%

Price spread now: KuCoin against Lighter−0.189%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1551.554% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.673%−$67 on $10k

Price spread, last 7 days+0.334%+$33 · spread now −0.189%, 7d avg −0.033%

Together, before fees−0.339%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and KuCoin is 0.156% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CASHCAT	0.1693	0.0864	pay 0.0108% / 1h	5m 16s	$1.2M	$1.9M	3x
Short	KuCoin CASHCATUSDTM	0.1689	0.0100	get 0.0050% / 4h	3h 05m	$597K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee KuCoinbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$160.44
Price spread: −0.189% → −0.033%: −$15.61
Slippage, 4 orders: −$143.41
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$331.45
Costs to cover: 1.554%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 6 min ago	4.14 bp	9.4 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.73 bp	60.0 bp −$60	doesn't fit	doesn't fit	doesn't fit

CASHCAT on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCAT	+0.0096%	1h	0.1691	−0.071%	$329K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1689	−0.192%	$253K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1690	−0.142%	$46.3M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1689	−0.189%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1689	−0.189%	$597K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1691	−0.063%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1695	+0.171%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1691	−0.077%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1690	−0.157%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1689	−0.189%	$507	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1688	−0.269%	$18K	$372K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1689	−0.189%	$118K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0383%	4h	0.1692	−0.030%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0624%	4h	0.1699	+0.384%	$51K	$504K	20x	as long as short
BingX CASHCAT-USDT	+0.0798%	4h	0.1692	−0.030%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.0806%	4h	0.1693	+0.012%	$8.5M	$497K	20x	as long as short
Bybit CASHCATUSDT	+0.0863%	4h	0.1692	−0.030%	$12.9M	$18.6M	10x	as long as short
Lighter CASHCATlong	+0.0864%	1h	0.1693	long leg	$1.2M	$1.9M	3x
edgeX CASHCATUSDC	+0.1100%	4h	0.1697	+0.280%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2532%	1h	0.1691	−0.087%	$559K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1694	+0.096%	$117K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+1.743%	$9K	$12K	5.5x	as long as short