Funding you earn now, next payment 03:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.017%
Price spread now: Extended against Lighter−0.070%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1581.584% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.070%, 7d avg +0.021%
=Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Extended is 0.091% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 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 | 0.1598 | 0.0920 | pay 0.0115% / 1h | 2m 34s | $1.1M | $1.7M | 3x |
| Short | Extended CASHCAT-USD | 0.1597 | 0.0480 | get 0.0060% / 1h | 2m 34s | $150K | $562K | 5x |
Lighter CASHCAT
Extended CASHCAT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$92.4
- Price spread: −0.070% → +0.021%
- −$9.1
- Slippage, 4 orders
- −$153.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$259.87
- Costs to cover
- 1.584%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 60 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 | 12.94 bp | 19.2 bp −$19 | 84.3 bp −$843 | doesn't fit | doesn't fit |
| Sell Extended live order book, 60 min ago | 17.50 bp | 41.3 bp −$41 | 249.2 bp −$2,492 | 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 | 0.1597 | −0.056% | $313K | $840K | 3x | as long as short |
| Nado CASHCAT-PERP | +0.0100% | 1h | 0.1589 | −0.569% | $217K | $201K | 5x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1599 | +0.038% | $43.8M | $19.8M | 3x | as long as short |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1595 | −0.210% | $96K | $239K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1596 | −0.125% | $1.3M | $2.0M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1598 | −0.031% | $544K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1582 | −1.017% | $1.2M | $1.6M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1589 | −0.557% | $72K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1593 | −0.299% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1599 | +0.056% | $480 | $1K | 3x | as long as short |
Lighter RH CASHCAT
Nado CASHCAT-PERP
Hyperliquid CASHCAT
Arcus CASHCAT-USD
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1596 | −0.112% | $18K | $341K | 10x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0210% | 1h | 0.1594 | −0.257% | $65K | $1.3M | 3x | as long as short |
| MEXC CASHCAT_USDT | +0.0308% | 4h | 0.1597 | −0.069% | $7.9M | $524K | 20x | as long as short |
| Bybit CASHCATUSDT | +0.0313% | 4h | 0.1593 | −0.344% | $12.2M | $18.4M | 10x | as long as short |
| Extended CASHCAT-USDshort | +0.0480% | 1h | 0.1597 | −0.070% | $150K | $562K | 5x | |
| BingX CASHCAT-USDT | +0.0542% | 4h | 0.1597 | −0.069% | — | $1.0M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0630% | 4h | 0.1592 | −0.382% | $1.3M | $10.6M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0835% | 4h | 0.1589 | −0.569% | $52K | $469K | 20x | as long as short |
| edgeX CASHCATUSDC | +0.0910% | 4h | 0.1588 | −0.612% | $48K | $170K | 5x | as long as short |
| Lighter CASHCATlong | +0.0920% | 1h | 0.1598 | long leg | $1.1M | $1.7M | 3x | |
| Aster CASHCATUSDT | +0.1980% | 1h | 0.1598 | −0.002% | $530K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1606 | +0.494% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
Polymarket Perps CASHCAT-USD
MEXC CASHCAT_USDT
Bybit CASHCATUSDT
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
edgeX CASHCATUSDC
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP