Funding you earn now, next payment 00:00 UTC−0.1660%/8h= −181.7% APRnext payment −$2.07 per $10,000 · paid last 24h −0.032%
Price spread now: Polymarket Perps against Lighter−0.079%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 3 days (all we have)+0.704%+$70 · spread now −0.079%, 7d avg +0.110%
=Together, before fees+0.529%+ Points / potential airdropLighter: Season 3 · farm board+$53 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Polymarket Perps is 0.189% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.07 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 | 0.1764 | 0.2064 | pay 0.0258% / 1h | 42m 27s | $1.3M | $1.9M | 3x |
| Short | Polymarket Perps CASHCAT-USD | 0.1762 | 0.0404 | get 0.0051% / 1h | 42m 27s | $66K | $1.2M | 3x |
Lighter CASHCAT
Polymarket Perps CASHCAT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$348.55
- Price spread: −0.079% → +0.110%
- −$18.92
- Slippage, 4 orders
- −$33.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$408.61
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: 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, 4 min ago | 4.81 bp | 6.5 bp −$6 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.97 bp | 15.3 bp −$15 | 18.4 bp −$184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1762 | −0.096% | $49.8M | $18.5M | 3x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0100% | 4h | 0.1761 | −0.159% | $1.1M | $10.7M | 20x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1762 | −0.130% | $1.5M | $1.9M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1762 | −0.113% | $597K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1762 | −0.129% | $1.5M | $1.6M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1771 | +0.403% | $80K | $72K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1766 | +0.104% | — | $2.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1762 | −0.125% | $528 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1758 | −0.354% | $19K | $394K | 10x | as long as short |
| Nado CASHCAT-PERP | +0.0219% | 1h | 0.1759 | −0.298% | $248K | $155K | 5x | as long as short |
Hyperliquid CASHCAT
OKX CASHCAT-USDT-SWAP
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
Nado CASHCAT-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CASHCATUSDT | +0.0242% | 4h | 0.1763 | −0.057% | $13.2M | $18.1M | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0254% | 4h | 0.1763 | −0.040% | $8.8M | $464K | 20x | as long as short |
| BingX CASHCAT-USDT | +0.0268% | 4h | 0.1762 | −0.102% | — | $1.0M | — | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1759 | −0.272% | $50K | $497K | 20x | as long as short |
| Polymarket Perps CASHCAT-USDshort | +0.0404% | 1h | 0.1762 | −0.079% | $66K | $1.2M | 3x | |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1762 | −0.124% | $103K | $469K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0726% | 4h | 0.1764 | −0.006% | $53K | $172K | 5x | as long as short |
| Lighter RH CASHCAT | +0.1240% | 1h | 0.1763 | −0.057% | $338K | $816K | 3x | as long as short |
| Arcus CASHCAT-USD | +0.1786% | 1h | 0.1762 | −0.079% | $121K | $217K | 5x | as long as short |
| Lighter CASHCATlong | +0.2064% | 1h | 0.1764 | long leg | $1.3M | $1.9M | 3x | |
| Aster CASHCATUSDT | +0.2992% | 1h | 0.1763 | −0.064% | $579K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1850 | +4.887% | $12K | $9K | 5.5x | as long as short |
Bybit CASHCATUSDT
MEXC CASHCAT_USDT
BingX CASHCAT-USDT
BloFin CASHCAT-USDT
Extended CASHCAT-USD
edgeX CASHCATUSDC
Lighter RH CASHCAT
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP