Funding you earn now, next payment 04:00 UTC−0.0563%/8h= −61.7% APRnext payment −$0.70 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Polymarket Perps−0.108%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 7 days+0.194%+$19 · spread now −0.108%, 7d avg −0.020%
=Together, before fees+0.381%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Lighter is 0.089% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.187%, 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 0.187% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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 | Polymarket Perps CASHCAT-USD | 0.1569 | 0.0547 | pay 0.0068% / 1h | 41m 32s | $63K | $1.3M | 3x |
| Short | Lighter CASHCAT | 0.1568 | −0.0016 | pay 0.0002% / 1h | 41m 32s | $1.1M | $1.8M | 3x |
Polymarket Perps CASHCAT-USD
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- −$118.31
- Price spread: −0.108% → −0.020%
- −$8.85
- Slippage, 4 orders
- −$35.78
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$170.94
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Lighter: live order book, 10 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 Polymarket Perps live order book, 2 min ago | 5.73 bp | 15.5 bp −$16 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 7.64 bp | 7.6 bp −$8 | 26.8 bp −$268 | 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 | −0.0016% | 1h | 0.1568 | −0.108% | $1.1M | $1.8M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1570 | +0.032% | $304K | $837K | 3x | as long as short |
| Nado CASHCAT-PERP | +0.0100% | 1h | 0.1564 | −0.338% | $211K | $203K | 5x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1570 | +0.019% | $42.9M | $20.0M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1568 | −0.057% | $1.3M | $1.9M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1570 | +0.045% | $547K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1575 | +0.370% | $1.1M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1577 | +0.478% | $71K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1569 | −0.016% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1569 | 0.000% | $471 | $1K | 3x | as long as short |
Lighter RH CASHCAT
Nado CASHCAT-PERP
Hyperliquid CASHCAT
Gate 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 | 0.1575 | +0.340% | $17K | $337K | 10x | as long as short |
| Bybit CASHCATUSDT | +0.0342% | 4h | 0.1567 | −0.166% | $11.9M | $18.7M | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0352% | 4h | 0.1571 | +0.140% | $7.8M | $516K | 20x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1569 | +0.010% | $96K | $614K | 5x | as long as short |
| Polymarket Perps CASHCAT-USDlong | +0.0547% | 1h | 0.1569 | long leg | $63K | $1.3M | 3x | |
| edgeX CASHCATUSDC | +0.0570% | 4h | 0.1573 | +0.225% | $47K | $169K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0698% | 4h | 0.1571 | +0.115% | — | $1.0M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0764% | 4h | 0.1568 | −0.076% | $1.4M | $10.7M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0992% | 4h | 0.1573 | +0.242% | $52K | $484K | 20x | as long as short |
| Arcus CASHCAT-USD | +0.2181% | 1h | 0.1575 | +0.386% | $95K | $253K | 5x | as long as short |
| Aster CASHCATUSDT | +0.2715% | 1h | 0.1570 | +0.051% | $522K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1617 | +3.046% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
Bybit CASHCATUSDT
MEXC CASHCAT_USDT
Extended CASHCAT-USD
edgeX CASHCATUSDC
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP