Funding you earn now, next payment 09:00 UTC+0.3377%/8h= +369.8% APRnext payment +$4.22 per $10,000 · paid last 24h +0.162%
Price spread now: Arcus against Lighter−0.025%7-day average +0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1881.878% of the position
Funding, last 4 days (all we have)+0.405%+$40 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.025%, 7d avg +0.131%
=Together, before fees+0.187%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.156% cheaper against Lighter than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.131%). If the spread goes back, that is −$16 on $10k: about 4 hours of funding at the current rate (+$101 a day). At the pace of the last 4 days (+0.405% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.405% in total (about 39.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CASHCAT | 0.1690 | 0.0472 | pay 0.0059% / 1h | 37m 25s | $1.1M | $1.7M | 3x |
| Short | Arcus CASHCAT-USD | 0.1689 | 0.3849 | get 0.0481% / 1h | 37m 25s | $104K | $313K | 5x |
Lighter CASHCAT
Arcus CASHCAT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $709.2
- Price spread: −0.025% → +0.131%
- −$15.62
- Slippage, 4 orders
- −$183.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $505.77
- Costs to cover
- 1.878%
- Break-even
- 2.0 days
Slippage from Lighter: live order book, 4 min ago; Arcus: 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 Lighter live order book, 4 min ago | 6.80 bp | 8.9 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 61 min ago | 35.16 bp | 41.6 bp −$42 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1690 | +0.036% | $350K | $944K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1689 | −0.071% | $46.5M | $20.6M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1691 | +0.047% | $1.5M | $1.8M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1689 | −0.077% | $598K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1686 | −0.200% | $1.1M | $1.8M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1691 | +0.053% | $77K | $60K | 50x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0100% | 1h | 0.1685 | −0.284% | $66K | $1.3M | 3x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1686 | −0.216% | — | $2.3M | 10x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1725 | +2.065% | $23K | $252K | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0126% | 4h | 0.1691 | +0.089% | $8.6M | $533K | 20x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
Polymarket Perps CASHCAT-USD
SunX CASHCAT-USDT
HTX CASHCAT-USDT
MEXC CASHCAT_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CASHCAT-USD | +0.0128% | 1h | 0.1692 | +0.130% | $508 | $1K | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0156% | 4h | 0.1690 | +0.012% | $12.7M | $19.2M | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0304% | 4h | 0.1691 | +0.058% | $51K | $168K | 5x | as long as short |
| Lighter CASHCATlong | +0.0472% | 1h | 0.1690 | long leg | $1.1M | $1.7M | 3x | |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1690 | +0.019% | $242K | $886K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0522% | 4h | 0.1688 | −0.107% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0540% | 4h | 0.1688 | −0.107% | $1.4M | $12.9M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0750% | 4h | 0.1689 | −0.047% | $53K | $598K | 20x | as long as short |
| Nado CASHCAT-PERP | +0.1573% | 1h | 0.1685 | −0.278% | $250K | $204K | 5x | as long as short |
| Arcus CASHCAT-USDshort | +0.3849% | 1h | 0.1689 | −0.025% | $104K | $313K | 5x | |
| Aster CASHCATUSDT | +0.4218% | 1h | 0.1691 | +0.073% | $549K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1712 | +1.314% | $8K | $18K | 5.5x | as long as short |
SoDEX CASHCAT-USD
Bybit CASHCATUSDT
edgeX CASHCATUSDC
Extended CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Nado CASHCAT-PERP
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP