Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0446%/8h= −48.8% APRpaid last 24h +0.105%

Price spread now: Lighter RH against BingX−0.125%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on BingX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)+1.040%+$104 · spread now −0.125%, 7d avg +0.034%

Together, before fees+1.439%+ Points / potential airdropLighter RH: Points live · farm board+$144 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Lighter RH is 0.159% cheaper against BingX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.399%, 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	BingX CASHCAT-USDT	0.1601	0.0566	pay 0.0283% / 4h	1h 01m	—	$1.0M	—
Short	Lighter RH CASHCAT	0.1599	0.0120	get 0.0015% / 1h	1m 17s	$313K	$840K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BingX. 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 BingXbpFee Lighter RHbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$93.66
Price spread: −0.125% → +0.034%: −$15.9
Slippage, 4 orders: −$83.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$202.65
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Lighter RH: live order book, 61 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 BingX live order book, 9 min ago	6.13 bp	32.0 bp −$32	83.8 bp −$838	1015.9 bp −$101.6K	doesn't fit
Sell Lighter RH live order book, 61 min ago	11.49 bp	18.1 bp −$18	doesn't fit	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1594	−0.428%	$218K	$201K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	−0.337%	$43.7M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1597	−0.239%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1594	−0.437%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1596	−0.306%	$545K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−1.197%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1595	−0.369%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.375%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1596	−0.294%	$479	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1601	−0.021%	$18K	$340K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCATshort	+0.0120%	1h	0.1599	−0.125%	$313K	$840K	3x
Polymarket Perps CASHCAT-USD	+0.0212%	1h	0.1597	−0.225%	$66K	$1.3M	3x	as long as short
MEXC CASHCAT_USDT	+0.0312%	4h	0.1598	−0.181%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0318%	4h	0.1600	−0.069%	$12.3M	$18.4M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1597	−0.265%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDTlong	+0.0566%	4h	0.1601	long leg	—	$1.0M	—
OKX CASHCAT-USDT-SWAP	+0.0633%	4h	0.1601	0.000%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0870%	4h	0.1598	−0.187%	$52K	$472K	20x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.792%	$48K	$170K	5x	as long as short
Lighter CASHCAT	+0.0968%	1h	0.1599	−0.106%	$1.1M	$1.7M	3x	as long as short
Aster CASHCATUSDT	+0.2140%	1h	0.1598	−0.194%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+0.999%	$8K	$18K	5.5x	as long as short