Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.107%

Price spread now: Lighter RH against KuCoin−0.044%7-day average +0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1721.717% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.512%+$51 on $10k

Price spread, last 4 days (all we have)+0.549%+$55 · spread now −0.044%, 7d avg +0.160%

Together, before fees+1.061%+ Points / potential airdropLighter RH: Points live · farm board+$106 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 0.204% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1576	0.0100	pay 0.0050% / 4h	34m 00s	$553K	$2.4M	10x
Short	Lighter RH CASHCAT	0.1575	0.0096	get 0.0012% / 1h	34m 00s	$309K	$842K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$0.84
Price spread: −0.044% → +0.160%: −$20.43
Slippage, 4 orders: −$159.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$192.99
Costs to cover: 1.717%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Lighter RH: live order book, 24 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 KuCoin live order book, 3 min ago	7.98 bp	80.9 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 24 min ago	8.16 bp	8.2 bp −$8	12.7 bp −$127	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 CASHCAT	+0.0096%	1h	0.1575	−0.082%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCATshort	+0.0096%	1h	0.1575	−0.044%	$309K	$842K	3x
Nado CASHCAT-PERP	+0.0100%	1h	0.1573	−0.190%	$212K	$203K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1578	+0.121%	$43.1M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1577	+0.076%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1576	long leg	$553K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1569	−0.474%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1571	−0.330%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1574	−0.138%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1576	0.000%	$473	$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	0.1581	+0.300%	$17K	$335K	10x	as long as short
Bybit CASHCATUSDT	+0.0271%	4h	0.1580	+0.286%	$12.0M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0282%	4h	0.1579	+0.203%	$7.8M	$520K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1578	+0.144%	$96K	$613K	5x	as long as short
edgeX CASHCATUSDC	+0.0539%	4h	0.1572	−0.240%	$47K	$170K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0667%	1h	0.1576	−0.019%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0714%	4h	0.1582	+0.381%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0783%	4h	0.1583	+0.444%	$1.4M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.1003%	4h	0.1575	−0.063%	$52K	$485K	20x	as long as short
Aster CASHCATUSDT	+0.2144%	1h	0.1574	−0.157%	$523K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1575	−0.076%	$95K	$259K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+2.602%	$8K	$18K	5.5x	as long as short