Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h −0.026%

Price spread now: OKX against Lighter RH−0.018%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.018%, 7d avg −0.006%

Together, before fees−0.424%+ Points / potential airdropLighter RH: Points live · farm board−$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.414%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CASHCAT	0.1681	0.0096	pay 0.0012% / 1h	42m 41s	$360K	$932K	3x
Short	OKX CASHCAT-USDT-SWAP	0.1681	0.0540	get 0.0270% / 4h	3h 42m	$1.4M	$12.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $93.15
Price spread: −0.018% → −0.006%: −$1.16
Slippage, 4 orders: −$66.04
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $15.95
Costs to cover: 0.760%
Break-even: 5.8 days

Slippage from Lighter RH: live order book, 55 min ago; OKX: 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 RH live order book, 55 min ago	11.48 bp	11.5 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	5.94 bp	23.4 bp −$23	81.7 bp −$817	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 RH CASHCATlong	+0.0096%	1h	0.1681	long leg	$360K	$932K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1684	+0.149%	$46.4M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1681	−0.024%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1683	+0.077%	$605K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	+0.299%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1683	+0.107%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1690	+0.521%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1683	+0.083%	$505	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1690	+0.492%	$23K	$254K	10x	as long as short
ApeX Omni CASHCATUSDT	+0.0144%	1h	0.1689	+0.446%	$77K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CASHCAT	+0.0152%	1h	0.1679	−0.113%	$1.1M	$1.7M	3x	as long as short
Bybit CASHCATUSDT	+0.0320%	4h	0.1683	+0.095%	$12.6M	$19.2M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1684	+0.157%	$242K	$884K	5x	as long as short
MEXC CASHCAT_USDT	+0.0494%	4h	0.1683	+0.113%	$8.5M	$531K	20x	as long as short
BingX CASHCAT-USDT	+0.0518%	4h	0.1683	+0.101%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0540%	4h	0.1681	−0.018%	$1.4M	$12.8M	20x
BloFin CASHCAT-USDT	+0.0789%	4h	0.1682	+0.042%	$52K	$595K	20x	as long as short
edgeX CASHCATUSDC	+0.1519%	4h	0.1687	+0.311%	$51K	$169K	5x	as long as short
Nado CASHCAT-PERP	+0.1590%	1h	0.1683	+0.083%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1682	+0.070%	$104K	$313K	5x	as long as short
Aster CASHCATUSDT	+0.4228%	1h	0.1682	+0.036%	$546K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.291%	$8K	$18K	5.5x	as long as short