Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h +0.094%

Price spread now: Lighter RH against Bybit+0.775%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.467%+$47 on $10k

Price spread, last 4 days (all we have)−0.883%−$88 · spread now +0.775%, 7d avg −0.018%

Together, before fees−0.416%+ Points / potential airdropLighter RH: Points live · farm board−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.793% dearer against Bybit than usual: you sell high and buy low (spread +0.775% now, against its 7-day average of −0.018%): +$79 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.467%, 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	Bybit CASHCATUSDT	0.1690	0.0399	pay 0.0200% / 4h	2h 55m	$12.9M	$19.1M	10x
Short	Lighter RH CASHCAT	0.1703	0.0128	get 0.0016% / 1h	55m 20s	$354K	$881K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Lighter RHbpOrdersPrice spread, now +0.775%Rate

Funding earned: −$56.99
Price spread: +0.775% → −0.018%: $79.3
Slippage, 4 orders: −$111.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$100.48
Costs to cover: 1.228%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Lighter RH: live order book, 37 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, 3 min ago	2.92 bp	56.0 bp −$56	183.8 bp −$1,838	doesn't fit	doesn't fit
Sell Lighter RH live order book, 37 min ago	12.52 bp	12.5 bp −$13	20.2 bp −$202	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1692	+0.112%	$46.7M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1690	0.000%	$1.6M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1691	+0.047%	$616K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1707	+1.049%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1712	+1.338%	$83K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1691	+0.107%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1686	−0.196%	—	$2.0M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1686	−0.213%	$506	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1712	+1.311%	$20K	$227K	10x	as long as short
Lighter RH CASHCATshort	+0.0128%	1h	0.1703	+0.775%	$354K	$881K	3x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CASHCAT	+0.0184%	1h	0.1704	+0.846%	$1.2M	$1.6M	3x	as long as short
Bybit CASHCATUSDTlong	+0.0399%	4h	0.1690	long leg	$12.9M	$19.1M	10x
MEXC CASHCAT_USDT	+0.0442%	4h	0.1692	+0.148%	$8.7M	$546K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1690	−0.002%	$243K	$868K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0509%	4h	0.1687	−0.160%	$1.3M	$12.6M	20x	as long as short
BingX CASHCAT-USDT	+0.0608%	4h	0.1689	−0.041%	—	$1.1M	—	as long as short
edgeX CASHCATUSDC	+0.0690%	4h	0.1716	+1.527%	$52K	$167K	5x	as long as short
BloFin CASHCAT-USDT	+0.0763%	4h	0.1713	+1.379%	$52K	$607K	20x	as long as short
Nado CASHCAT-PERP	+0.1691%	1h	0.1687	−0.160%	$251K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3982%	1h	0.1698	+0.505%	$563K	$1.0M	10x	as long as short
Arcus CASHCAT-USD	+0.4530%	1h	0.1709	+1.116%	$106K	$309K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1735	+2.681%	$8K	$18K	5.5x	as long as short