Funding you earn now, next payment 22:00 UTC+0.0443%/8h= +48.6% APRnext payment +$0.55 per $10,000 · paid last 24h +0.048%
Price spread now: Nado against Lighter+0.018%47s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2272.266% of the position
Funding, last 3 days (all we have)+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)+0.554%+$55 · spread now +0.018%, 7d avg −0.016%
=Together, before fees+0.643%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Nado is 0.034% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.090% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CASHCAT | 0.1712 | 0.0096 | pay 0.0012% / 1h | 3m 45s | $1.2M | $2.0M | 3x |
| Short | Nado CASHCAT-PERP | 0.1713 | 0.0539 | get 0.0067% / 1h | 3m 45s | $242K | $158K | 5x |
Lighter CASHCAT
Nado CASHCAT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $93.11
- Price spread: +0.018% → −0.016%
- $3.35
- Slippage, 4 orders
- −$226.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$130.17
- Costs to cover
- 2.266%
- Break-even
- 16.8 days
Slippage from Lighter: live order book, 3 min ago; Nado: live order book, 19 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, 3 min ago | 6.14 bp | 55.1 bp −$55 | 171.4 bp −$1,714 | doesn't fit | doesn't fit |
| Sell Nado live order book, 19 min ago | 21.53 bp | 53.4 bp −$53 | 402.5 bp −$4,025 | 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 CASHCATlong | +0.0096% | 1h | 0.1712 | long leg | $1.2M | $2.0M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1714 | +0.117% | $332K | $808K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1714 | +0.105% | $48.6M | $18.9M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1711 | −0.058% | $12.8M | $18.6M | 10x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0100% | 4h | 0.1710 | −0.128% | $1.1M | $10.7M | 20x | as long as short |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1711 | −0.098% | $100K | $183K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1713 | +0.023% | $1.4M | $2.1M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1714 | +0.105% | $8.5M | $494K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1713 | +0.047% | $580K | $2.4M | 10x | as long as short |
| BingX CASHCAT-USDT | +0.0100% | 4h | 0.1714 | +0.105% | — | $1.0M | — | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Bybit CASHCATUSDT
OKX CASHCAT-USDT-SWAP
Arcus CASHCAT-USD
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
BingX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1714 | +0.077% | $1.4M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1710 | −0.117% | $77K | $72K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1714 | +0.099% | — | $2.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1714 | +0.111% | $514 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1712 | −0.033% | $18K | $413K | 10x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0252% | 1h | 0.1714 | +0.128% | $67K | $1.3M | 3x | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1713 | +0.047% | $50K | $497K | 20x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1714 | +0.080% | $94K | $477K | 5x | as long as short |
| Nado CASHCAT-PERPshort | +0.0539% | 1h | 0.1713 | +0.018% | $242K | $158K | 5x | |
| Aster CASHCATUSDT | +0.0720% | 1h | 0.1712 | −0.001% | $561K | $1.2M | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0811% | 4h | 0.1710 | −0.102% | $51K | $171K | 5x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1824 | +6.530% | $12K | $9K | 5.5x | as long as short |
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
Polymarket Perps CASHCAT-USD
BloFin CASHCAT-USDT
Extended CASHCAT-USD
Aster CASHCATUSDT
edgeX CASHCATUSDC
Injective CASHCAT/USDC PERP