Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0650%/8h= +71.1% APRpaid last 24h +0.118%

Price spread now: Lighter against Bybit−0.038%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.634%+$63 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.038%, 7d avg −0.063%

Together, before fees+0.649%+ Points / potential airdropLighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1600	0.0318	pay 0.0159% / 4h	1h 01m	$12.3M	$18.4M	10x
Short	Lighter CASHCAT	0.1599	0.0968	get 0.0121% / 1h	1m 14s	$1.1M	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: $136.42
Price spread: −0.038% → −0.063%: $2.52
Slippage, 4 orders: −$141.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.74
Costs to cover: 1.527%
Break-even: 7.7 days

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 5 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 Bybit live order book, 2 min ago	1.87 bp	47.1 bp −$47	133.3 bp −$1,333	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	12.94 bp	55.3 bp −$55	174.3 bp −$1,743	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	−0.359%	$218K	$201K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	−0.269%	$43.7M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1597	−0.171%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1594	−0.369%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1596	−0.238%	$545K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−1.129%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1595	−0.300%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.306%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1596	−0.225%	$479	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1601	+0.048%	$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 CASHCAT	+0.0120%	1h	0.1599	−0.056%	$313K	$840K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0212%	1h	0.1597	−0.156%	$66K	$1.3M	3x	as long as short
MEXC CASHCAT_USDT	+0.0312%	4h	0.1598	−0.113%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDTlong	+0.0318%	4h	0.1600	long leg	$12.3M	$18.4M	10x
Extended CASHCAT-USD	+0.0480%	1h	0.1597	−0.196%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDT	+0.0566%	4h	0.1601	+0.069%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0633%	4h	0.1601	+0.069%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0870%	4h	0.1598	−0.119%	$52K	$472K	20x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.724%	$48K	$170K	5x	as long as short
Lighter CASHCATshort	+0.0968%	1h	0.1599	−0.038%	$1.1M	$1.7M	3x
Aster CASHCATUSDT	+0.2140%	1h	0.1598	−0.125%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+1.069%	$8K	$18K	5.5x	as long as short