Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.129%

Price spread now: Lighter against Variational Omni−0.235%7-day average −0.210% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.235%, 7d avg −0.210%

Together, before fees+0.457%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.025% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.210%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.206%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1575	0.0100	pay 0.0050% / 4h	45m 20s	$1.1M	$1.7M	—
Short	Lighter CASHCAT	0.1571	0	get 0.0000% / 1h	45m 20s	$1.1M	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.235%Rate

Funding earned: −$21
Price spread: −0.235% → −0.210%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.54
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 6 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	9.55 bp	doesn't fit	149.5 bp −$1,495	doesn't fit	doesn't fit
Sell Lighter live order book, 6 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	0.0000%	1h	0.1571	−0.235%	$1.1M	$1.8M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1573	−0.121%	$304K	$837K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1571	−0.277%	$212K	$203K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1574	−0.045%	$43.0M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1573	−0.159%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1576	+0.038%	$548K	$2.4M	10x	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1575	long leg	$1.1M	$1.7M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1562	−0.813%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1571	−0.282%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1573	−0.108%	$472	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1561	−0.860%	$17K	$338K	10x	as long as short
Bybit CASHCATUSDT	+0.0371%	4h	0.1575	+0.012%	$11.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0378%	4h	0.1576	+0.057%	$7.8M	$516K	20x	as long as short
edgeX CASHCATUSDC	+0.0421%	4h	0.1563	−0.761%	$47K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1574	−0.092%	$96K	$614K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0483%	1h	0.1575	−0.032%	$64K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0694%	4h	0.1576	+0.063%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0747%	4h	0.1576	+0.063%	$1.4M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0989%	4h	0.1575	−0.001%	$52K	$485K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1574	−0.054%	$95K	$252K	5x	as long as short
Aster CASHCATUSDT	+0.2802%	1h	0.1569	−0.390%	$520K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+2.666%	$8K	$18K	5.5x	as long as short