Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.062%

Price spread now: MEXC against Lighter+0.018%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.609%−$61 on $10k

Price spread, last 7 days+0.074%+$7 · spread now +0.018%, 7d avg +0.046%

Together, before fees−0.535%+ Points / potential airdropLighter: Season 3 · farm board−$53 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.028% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CASHCAT	0.1690	0.0096	pay 0.0012% / 1h	53m 19s	$1.1M	$1.5M	3x
Short	MEXC CASHCAT_USDT	0.1690	0.0100	get 0.0050% / 4h	1h 53m	$8.8M	$544K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.84
Price spread: +0.018% → +0.046%: −$2.79
Slippage, 4 orders: −$39.88
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 10 bp × 2 orders: −$20
Net: −$61.83
Costs to cover: 0.599%
Break-even: 522.3 days

Slippage from Lighter: live order book, 6 min ago; MEXC: live order book, 3 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	5.00 bp	9.0 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.66 bp	23.7 bp −$24	286.1 bp −$2,861	doesn't fit	doesn't fit

CASHCAT on 22 exchanges

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
Injective CASHCAT/USDC PERP	+0.0033%	1h	0.1735	+2.687%	$8K	$18K	5.5x	as long as short
Lighter CASHCATlong	+0.0096%	1h	0.1690	long leg	$1.1M	$1.5M	3x
Aster CASHCATUSDT	+0.0100%	1h	0.1693	+0.174%	$551K	$865K	10x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1691	+0.059%	$12.9M	$18.3M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1701	+0.659%	$105K	$301K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1689	−0.041%	$1.5M	$1.7M	20x	as long as short
MEXC CASHCAT_USDTshort	+0.0100%	4h	0.1690	+0.018%	$8.8M	$544K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1688	−0.095%	$614K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1697	+0.415%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1691	+0.089%	$77K	$65K	50x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1688	−0.101%	$66K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1691	+0.054%	—	$1.7M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1700	+0.598%	$20K	$208K	10x	as long as short
Lighter RH CASHCAT	+0.0112%	1h	0.1691	+0.089%	$353K	$859K	3x	as long as short
Hyperliquid CASHCAT	+0.0156%	1h	0.1689	−0.007%	$46.7M	$19.4M	3x	as long as short
SoDEX CASHCAT-USD	+0.0200%	1h	0.1690	+0.030%	$507	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0214%	4h	0.1699	+0.563%	$51K	$167K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0448%	4h	0.1691	+0.083%	$1.3M	$12.4M	20x	as long as short
BingX CASHCAT-USDT	+0.0450%	4h	0.1689	−0.036%	—	$1.1M	—	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1689	−0.015%	$244K	$866K	5x	as long as short
BloFin CASHCAT-USDT	+0.0706%	4h	0.1694	+0.260%	$52K	$606K	20x	as long as short
Nado CASHCAT-PERP	+0.1064%	1h	0.1687	−0.148%	$251K	$200K	5x	as long as short