Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1918%/8h= +210.1% APRpaid last 24h +0.035%

Price spread now: BloFin against Lighter+0.673%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.673%, 7d avg +0.086%

Together, before fees−0.646%+ Points / potential airdropLighter: Season 3 · farm board−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and BloFin is 0.587% dearer against Lighter than usual: you sell high and buy low: +$59 more if the spread goes back to its 7-day average of +0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment. 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	0.1635	−0.0520	get 0.0065% / 1h	40m 24s	$1.1M	$1.8M	3x
Short	BloFin CASHCAT-USDT	0.1646	0.1398	get 0.0699% / 4h	1h 40m	$53K	$565K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now +0.673%Rate

Funding earned: $402.85
Price spread: +0.673% → +0.086%: $58.67
Slippage, 4 orders: −$41.41
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $408.11
Costs to cover: 0.534%
Break-even: from the start

Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 46 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, 6 min ago	5.55 bp	9.0 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	6.31 bp	22.4 bp −$22	70.6 bp −$706	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 CASHCATlong	−0.0520%	1h	0.1635	long leg	$1.1M	$1.8M	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1636	+0.092%	$44.7M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1636	+0.037%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1636	+0.061%	$575K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1639	+0.218%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1630	−0.287%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1645	+0.617%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1639	+0.245%	$492	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1638	+0.205%	$20K	$294K	10x	as long as short
Lighter RH CASHCAT	+0.0104%	1h	0.1638	+0.171%	$339K	$955K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0347%	1h	0.1635	+0.028%	$206K	$194K	5x	as long as short
Bybit CASHCATUSDT	+0.0442%	4h	0.1636	+0.086%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0462%	4h	0.1636	+0.049%	$8.2M	$527K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1638	+0.159%	$106K	$756K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0777%	1h	0.1637	+0.147%	$64K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0802%	4h	0.1631	−0.256%	$49K	$169K	5x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1642	+0.443%	$102K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.1036%	4h	0.1635	0.000%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1061%	4h	0.1635	0.000%	$1.5M	$12.2M	20x	as long as short
BloFin CASHCAT-USDTshort	+0.1398%	4h	0.1646	+0.673%	$53K	$565K	20x
Aster CASHCATUSDT	+0.1819%	1h	0.1637	+0.099%	$549K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.468%	$8K	$19K	5.5x	as long as short