Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.135%

Price spread now: Lighter RH against Gate+0.077%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1731.726% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.586%+$59 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.077%, 7d avg +0.161%

Together, before fees+0.883%+ Points / potential airdropLighter RH: Points live · farm board+$88 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.084% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1695	0.0100	pay 0.0050% / 4h	3h 24m	$1.4M	$2.0M	20x
Short	Lighter RH CASHCAT	0.1696	0.0096	get 0.0012% / 1h	24m 55s	$330K	$845K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$0.84
Price spread: +0.077% → +0.161%: −$8.39
Slippage, 4 orders: −$157.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$181.85
Costs to cover: 1.726%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Lighter RH: live order book, 48 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 Gate live order book, 3 min ago	8.57 bp	86.6 bp −$87	895.3 bp −$8,953	doesn't fit	doesn't fit
Sell Lighter RH live order book, 48 min ago	10.12 bp	14.9 bp −$15	20.9 bp −$209	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 RH CASHCATshort	+0.0096%	1h	0.1696	+0.077%	$330K	$845K	3x
Nado CASHCAT-PERP	+0.0100%	1h	0.1693	−0.147%	$257K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1697	+0.100%	$46.7M	$20.7M	3x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1695	long leg	$1.4M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1696	+0.071%	$599K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1700	+0.302%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1696	+0.088%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1695	−0.012%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1693	−0.127%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1694	−0.059%	$508	$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	0.1695	+0.024%	$18K	$375K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1695	−0.007%	$101K	$465K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0232%	4h	0.1701	+0.354%	$1.2M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0472%	4h	0.1700	+0.295%	$51K	$510K	20x	as long as short
Bybit CASHCATUSDT	+0.0986%	4h	0.1699	+0.212%	$12.9M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1044%	4h	0.1699	+0.248%	$8.5M	$489K	20x	as long as short
Lighter CASHCAT	+0.1072%	1h	0.1696	+0.065%	$1.2M	$1.9M	3x	as long as short
BingX CASHCAT-USDT	+0.1404%	4h	0.1700	+0.295%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1652%	4h	0.1699	+0.225%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1730%	1h	0.1698	+0.156%	$561K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1696	+0.056%	$117K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1717	+1.298%	$9K	$12K	5.5x	as long as short