Funding you earn now, next payment 05:00 UTC−0.2798%/8h= −306.4% APRnext payment −$3.50 per $10,000 · paid last 24h −0.087%
Price spread now: Lighter against Arcus+0.097%7-day average −0.121% · 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−$170as in the Price arb table
costs, in and out, $10k−$1921.920% of the position
Funding, last 4 days (all we have)−0.325%−$32 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.097%, 7d avg −0.121%
=Together, before fees−0.269%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.219% dearer against Arcus than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.121%): +$22 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.325% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.325% in total (about -32.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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 | Arcus CASHCAT-USD | 0.1576 | 0.2486 | pay 0.0311% / 1h | 7m 04s | $95K | $267K | 5x |
| Short | Lighter CASHCAT | 0.1578 | −0.0312 | pay 0.0039% / 1h | 7m 04s | $1.1M | $1.9M | 3x |
Arcus CASHCAT-USD
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$587.56
- Price spread: +0.097% → −0.121%
- $21.85
- Slippage, 4 orders
- −$187.48
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$757.69
- Costs to cover
- 1.920%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 46 min ago; Lighter: live order book, 4 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 Arcus live order book, 46 min ago | 24.30 bp | 99.9 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 10.48 bp | 10.5 bp −$10 | 15.1 bp −$151 | 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 | −0.0312% | 1h | 0.1578 | +0.097% | $1.1M | $1.9M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1578 | +0.154% | $321K | $919K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1578 | +0.148% | $43.1M | $20.0M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1583 | +0.414% | $11.8M | $19.0M | 10x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1576 | +0.002% | $1.4M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1579 | +0.211% | $7.8M | $524K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1577 | +0.040% | $554K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1581 | +0.313% | $1.0M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1586 | +0.624% | $72K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1577 | +0.034% | — | $2.4M | 10x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Bybit CASHCATUSDT
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1576 | +0.021% | $473 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1563 | −0.806% | $18K | $315K | 10x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1576 | +0.019% | $164K | $675K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0491% | 4h | 0.1571 | −0.295% | $48K | $169K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0610% | 1h | 0.1578 | +0.103% | $67K | $1.3M | 3x | as long as short |
| Nado CASHCAT-PERP | +0.0650% | 1h | 0.1574 | −0.093% | $213K | $182K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0848% | 4h | 0.1581 | +0.319% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0880% | 4h | 0.1583 | +0.446% | $1.4M | $11.2M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.1144% | 4h | 0.1583 | +0.446% | $52K | $525K | 20x | as long as short |
| Aster CASHCATUSDT | +0.2216% | 1h | 0.1578 | +0.112% | $527K | $1.1M | 10x | as long as short |
| Arcus CASHCAT-USDlong | +0.2486% | 1h | 0.1576 | long leg | $95K | $267K | 5x | |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1636 | +3.809% | $8K | $18K | 5.5x | as long as short |
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
Extended CASHCAT-USD
edgeX CASHCATUSDC
Polymarket Perps CASHCAT-USD
Nado CASHCAT-PERP
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP