Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.098%

Price spread now: Gate against Lighter+0.025%7-day average −0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1641.640% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.025%, 7d avg −0.114%

Together, before fees−0.827%+ Points / potential airdropLighter: Season 3 · farm board−$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.139% dearer against Lighter than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.114%. Mind the row above: over the last 7 days funding on this pair cost −0.683%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CASHCAT	0.1618	−0.0136	get 0.0017% / 1h	5m 01s	$1.1M	$1.9M	3x
Short	Gate CASHCAT_USDT	0.1619	0.0100	get 0.0050% / 4h	2h 05m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: $49.56
Price spread: +0.025% → −0.114%: $13.88
Slippage, 4 orders: −$149.01
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.57
Costs to cover: 1.640%
Break-even: 21.2 days

Slippage from Lighter: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	6.18 bp	7.8 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	9.62 bp	64.3 bp −$64	306.3 bp −$3,063	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	−0.0136%	1h	0.1618	long leg	$1.1M	$1.9M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1619	+0.019%	$349K	$956K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1615	−0.192%	$207K	$192K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1619	+0.068%	$44.3M	$20.0M	3x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1619	+0.025%	$1.5M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1619	+0.049%	$573K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1622	+0.230%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1610	−0.507%	$73K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1619	+0.030%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1619	+0.049%	$486	$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	0.1626	+0.505%	$19K	$300K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1621	+0.148%	$101K	$748K	5x	as long as short
MEXC CASHCAT_USDT	+0.0604%	4h	0.1623	+0.284%	$8.1M	$529K	20x	as long as short
Bybit CASHCATUSDT	+0.0605%	4h	0.1623	+0.309%	$12.2M	$19.0M	10x	as long as short
edgeX CASHCATUSDC	+0.0625%	4h	0.1615	−0.200%	$49K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0700%	1h	0.1619	+0.031%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.1078%	4h	0.1623	+0.290%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1133%	4h	0.1624	+0.352%	$1.5M	$11.9M	20x	as long as short
Aster CASHCATUSDT	+0.1145%	1h	0.1620	+0.082%	$544K	$1.1M	10x	as long as short
BloFin CASHCAT-USDT	+0.1465%	4h	0.1622	+0.229%	$52K	$556K	20x	as long as short
Arcus CASHCAT-USD	+0.2390%	1h	0.1615	−0.180%	$100K	$278K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1635	+1.032%	$8K	$19K	5.5x	as long as short