CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.024%

Price spread now: Lighter against Lighter RH0.000%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now 0.000%, 7d avg −0.078%

Together, before fees+0.138%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.078% dearer against Lighter RH than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.078%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.120%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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 RH CASHCAT	0.1740	0.0304	pay 0.0038% / 1h	7m 43s	$339K	$825K	3x
Short	Lighter CASHCAT	0.1740	0.0096	get 0.0012% / 1h	7m 43s	$1.2M	$2.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$43.68
Price spread: 0.000% → −0.078%: $7.76
Slippage, 4 orders: −$111.59
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$147.51
Costs to cover: 1.116%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 10 min ago; Lighter: live order book, 4 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, 10 min ago	8.65 bp	25.4 bp −$25	97.0 bp −$970	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	4.31 bp	49.4 bp −$49	154.6 bp −$1,546	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 CASHCATshort	+0.0096%	1h	0.1740	0.000%	$1.2M	$2.0M	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1738	−0.080%	$49.1M	$18.5M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1741	+0.075%	$1.1M	$10.6M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1738	−0.112%	$119K	$213K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1737	−0.161%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1737	−0.178%	$588K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1738	−0.100%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1736	−0.213%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1739	−0.068%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1737	−0.178%	$521	$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	0.1738	−0.086%	$18K	$400K	10x	as long as short
Bybit CASHCATUSDT	+0.0158%	4h	0.1740	+0.034%	$13.0M	$18.3M	10x	as long as short
MEXC CASHCAT_USDT	+0.0162%	4h	0.1739	−0.029%	$8.6M	$468K	20x	as long as short
BingX CASHCAT-USDT	+0.0164%	4h	0.1741	+0.075%	—	$1.0M	—	as long as short
Lighter RH CASHCATlong	+0.0304%	1h	0.1740	long leg	$339K	$825K	3x
BloFin CASHCAT-USDT	+0.0340%	4h	0.1738	−0.098%	$50K	$489K	20x	as long as short
Nado CASHCAT-PERP	+0.0370%	1h	0.1736	−0.184%	$245K	$157K	5x	as long as short
edgeX CASHCATUSDC	+0.0436%	4h	0.1739	−0.061%	$52K	$171K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0469%	1h	0.1739	−0.063%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0472%	1h	0.1738	−0.087%	$95K	$465K	5x	as long as short
Aster CASHCATUSDT	+0.2153%	1h	0.1736	−0.187%	$571K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+5.420%	$12K	$9K	5.5x	as long as short