Funding you earn now, next payment 05:00 UTC−0.0320%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter RH against Nado+0.012%7-day average +0.096% · 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−$147as in the Price arb table
costs, in and out, $10k−$1381.385% of the position
Funding, last 3 days (all we have)+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.375%−$37 · spread now +0.012%, 7d avg +0.096%
=Together, before fees−0.357%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter RH is 0.083% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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 | 0.1600 | 0.0624 | pay 0.0078% / 1h | 20m 25s | $216K | $181K | 5x |
| Short | Lighter RH CASHCAT | 0.1601 | 0.0304 | get 0.0038% / 1h | 20m 25s | $316K | $905K | 3x |
Nado CASHCAT-PERP
Lighter RH CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$67.2
- Price spread: +0.012% → +0.096%
- −$8.32
- Slippage, 4 orders
- −$138.49
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$214.01
- Costs to cover
- 1.385%
- Break-even
- never at this rate
Slippage from Nado: live order book, 32 min ago; Lighter RH: live order book, 32 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, 32 min ago | 21.16 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 32 min ago | 5.92 bp | 5.9 bp −$6 | 10.6 bp −$106 | 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 | 0.1598 | −0.125% | $1.1M | $1.9M | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1604 | +0.219% | $43.8M | $19.9M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1605 | +0.300% | $11.9M | $18.9M | 10x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1598 | −0.175% | $1.4M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1605 | +0.250% | $8.0M | $521K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1602 | +0.094% | $561K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1598 | −0.139% | $1.0M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1600 | −0.037% | $73K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1596 | −0.287% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1596 | −0.300% | $479 | $1K | 3x | as long as short |
Lighter CASHCAT
Hyperliquid CASHCAT
Bybit CASHCATUSDT
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1601 | +0.034% | $18K | $318K | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0166% | 4h | 0.1603 | +0.154% | $49K | $169K | 5x | as long as short |
| Lighter RH CASHCATshort | +0.0304% | 1h | 0.1601 | +0.012% | $316K | $905K | 3x | |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1600 | −0.029% | $168K | $675K | 5x | as long as short |
| Nado CASHCAT-PERPlong | +0.0624% | 1h | 0.1600 | long leg | $216K | $181K | 5x | |
| Polymarket Perps CASHCAT-USD | +0.0717% | 1h | 0.1604 | +0.219% | $65K | $1.3M | 3x | as long as short |
| BingX CASHCAT-USDT | +0.0892% | 4h | 0.1606 | +0.344% | — | $1.0M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0916% | 4h | 0.1606 | +0.344% | $1.4M | $11.2M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.1192% | 4h | 0.1598 | −0.156% | $52K | $527K | 20x | as long as short |
| Arcus CASHCAT-USD | +0.2486% | 1h | 0.1603 | +0.183% | $97K | $265K | 5x | as long as short |
| Aster CASHCATUSDT | +0.3149% | 1h | 0.1600 | −0.056% | $534K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1636 | +2.218% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
edgeX CASHCATUSDC
Extended CASHCAT-USD
Polymarket Perps CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP