Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.102%

Price spread now: KuCoin against Lighter RH+0.097%7-day average −0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1751.749% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.506%−$51 on $10k

Price spread, last 4 days (all we have)−0.488%−$49 · spread now +0.097%, 7d avg −0.157%

Together, before fees−0.995%+ Points / potential airdropLighter RH: Points live · farm board−$99 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: KuCoin is 0.254% dearer against Lighter RH than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CASHCAT	0.1644	0.0096	pay 0.0012% / 1h	18m 03s	$346K	$965K	3x
Short	KuCoin CASHCATUSDTM	0.1646	0.0100	get 0.0050% / 4h	1h 18m	$577K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter RH. 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 Lighter RHbpFee KuCoinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0.84
Price spread: +0.097% → −0.157%: $25.42
Slippage, 4 orders: −$162.89
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.64
Costs to cover: 1.749%
Break-even: 1245.6 days

Slippage from Lighter RH: live order book, 25 min ago; KuCoin: live order book, 9 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 RH live order book, 25 min ago	13.46 bp	26.6 bp −$27	91.7 bp −$917	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	5.80 bp	66.8 bp −$67	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 CASHCAT	−0.0208%	1h	0.1643	−0.085%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCATlong	+0.0096%	1h	0.1644	long leg	$346K	$965K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1646	+0.081%	$45.0M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1645	+0.043%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1646	+0.097%	$577K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1644	−0.021%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1646	+0.122%	$75K	$60K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1647	+0.154%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1646	+0.079%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1647	+0.182%	$20K	$287K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0175%	4h	0.1647	+0.176%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0188%	4h	0.1647	+0.195%	$8.2M	$530K	20x	as long as short
Nado CASHCAT-PERP	+0.0328%	1h	0.1643	−0.049%	$207K	$192K	5x	as long as short
Aster CASHCATUSDT	+0.0370%	1h	0.1645	+0.064%	$552K	$1.1M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1645	+0.070%	$106K	$752K	5x	as long as short
edgeX CASHCATUSDC	+0.0603%	4h	0.1637	−0.409%	$50K	$168K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0706%	1h	0.1647	+0.195%	$67K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0926%	4h	0.1646	+0.109%	—	$1.1M	—	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1652	+0.452%	$118K	$296K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.1003%	4h	0.1646	+0.109%	$1.4M	$12.3M	20x	as long as short
BloFin CASHCAT-USDT	+0.1315%	4h	0.1644	−0.012%	$52K	$558K	20x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1664	+1.204%	$8K	$19K	5.5x	as long as short