CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0452%/8h= −49.4% APRnext payment −$0.56 per $10,000 · paid last 24h −0.048%

Price spread now: Lighter against Nado+0.018%47s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2272.266% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 3 days (all we have)−0.589%−$59 · spread now +0.018%, 7d avg +0.016%

Together, before fees−0.678%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.090% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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	Nado CASHCAT-PERP	0.1712	0.0548	pay 0.0068% / 1h	4m 53s	$242K	$158K	5x
Short	Lighter CASHCAT	0.1712	0.0096	get 0.0012% / 1h	4m 53s	$1.2M	$2.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$94.82
Price spread: +0.018% → +0.016%: $0.15
Slippage, 4 orders: −$226.64
Fee Nado: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$321.31
Costs to cover: 2.266%
Break-even: never at this rate

Slippage from Nado: live order book, 18 min ago; Lighter: live order book, 2 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 Nado live order book, 18 min ago	21.53 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	6.14 bp	64.5 bp −$64	181.5 bp −$1,815	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	0.1712	+0.018%	$1.2M	$2.0M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1715	+0.146%	$331K	$807K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1714	+0.088%	$48.6M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1716	+0.199%	$12.9M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1714	+0.111%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1710	−0.121%	$100K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1712	−0.006%	$1.4M	$2.1M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1714	+0.140%	$8.5M	$494K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1713	+0.023%	$580K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1714	+0.111%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CASHCAT	+0.0100%	4h	0.1714	+0.083%	$1.4M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1710	−0.111%	$77K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1714	+0.101%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1714	+0.082%	$514	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1712	−0.027%	$18K	$413K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0255%	1h	0.1714	+0.093%	$67K	$1.3M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1713	+0.053%	$50K	$497K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1714	+0.122%	$94K	$477K	5x	as long as short
Nado CASHCAT-PERPlong	+0.0548%	1h	0.1712	long leg	$242K	$158K	5x
Aster CASHCATUSDT	+0.0685%	1h	0.1712	−0.016%	$561K	$1.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0811%	4h	0.1710	−0.096%	$51K	$171K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1824	+6.536%	$12K	$9K	5.5x	as long as short