Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.101%

Price spread now: Lighter RH against MEXC−0.085%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)+0.322%+$32 · spread now −0.085%, 7d avg +0.028%

Together, before fees+0.792%+ Points / potential airdropLighter RH: Points live · farm board+$79 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: Lighter RH is 0.113% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1656	0.0100	pay 0.0050% / 4h	37m 19s	$8.3M	$528K	20x
Short	Lighter RH CASHCAT	0.1655	0.0096	get 0.0012% / 1h	37m 19s	$354K	$958K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$0.84
Price spread: −0.085% → +0.028%: −$11.29
Slippage, 4 orders: −$62.39
Fee MEXC: 10 bp × 2 orders: −$20
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$94.52
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Lighter RH: live order book, 65 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 MEXC live order book, just now	3.92 bp	22.1 bp −$22	324.4 bp −$3,244	1427.5 bp −$142.7K	doesn't fit
Sell Lighter RH live order book, 65 min ago	13.46 bp	13.5 bp −$13	20.8 bp −$208	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	+0.0096%	1h	0.1654	−0.145%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCATshort	+0.0096%	1h	0.1655	−0.085%	$354K	$958K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1656	0.000%	$45.5M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1656	+0.018%	$12.4M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1660	+0.234%	$119K	$296K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1656	−0.036%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1656	long leg	$8.3M	$528K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1655	−0.103%	$578K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	+0.711%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	+0.459%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1657	+0.023%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1669	+0.776%	$23K	$278K	10x	as long as short
SoDEX CASHCAT-USD	+0.0106%	1h	0.1657	+0.024%	$497	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0158%	4h	0.1664	+0.490%	$50K	$168K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1656	+0.016%	$208K	$854K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0754%	1h	0.1656	+0.018%	$65K	$1.3M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0778%	4h	0.1655	−0.072%	$1.4M	$12.5M	20x	as long as short
BingX CASHCAT-USDT	+0.0786%	4h	0.1654	−0.133%	—	$1.1M	—	as long as short
BloFin CASHCAT-USDT	+0.1043%	4h	0.1656	−0.012%	$52K	$565K	20x	as long as short
Aster CASHCATUSDT	+0.1113%	1h	0.1658	+0.091%	$554K	$1.1M	10x	as long as short
Nado CASHCAT-PERP	+0.1438%	1h	0.1653	−0.163%	$245K	$216K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1685	+1.739%	$8K	$18K	5.5x	as long as short