Funding you earn now, next payment 00:00 UTC−0.0816%/8h= −89.4% APRnext payment −$1.02 per $10,000 · paid last 24h +0.023%
Price spread now: Lighter RH against Lighter0.000%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now 0.000%, 7d avg +0.078%
=Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Lighter RH is 0.078% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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 | 0.1728 | 0.1336 | pay 0.0167% / 1h | 12m 54s | $1.2M | $1.9M | 3x |
| Short | Lighter RH CASHCAT | 0.1728 | 0.0520 | get 0.0065% / 1h | 12m 54s | $331K | $833K | 3x |
Lighter CASHCAT
Lighter RH CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$171.36
- Price spread: 0.000% → +0.078%
- −$7.82
- Slippage, 4 orders
- −$51.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$231.15
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Lighter RH: live order book, 65 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 | 3.45 bp | 10.1 bp −$10 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 65 min ago | 8.65 bp | 8.7 bp −$9 | 83.6 bp −$836 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1725 | −0.150% | $48.6M | $18.7M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1728 | 0.000% | $12.9M | $18.1M | 10x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0100% | 4h | 0.1729 | +0.058% | $1.1M | $10.4M | 20x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1724 | −0.255% | $1.5M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1727 | −0.052% | $8.6M | $471K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1724 | −0.231% | $586K | $2.4M | 10x | as long as short |
| BingX CASHCAT-USDT | +0.0100% | 4h | 0.1728 | 0.000% | — | $1.0M | — | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1759 | +1.771% | $1.5M | $1.5M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1737 | +0.527% | $78K | $72K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1724 | −0.236% | — | $2.6M | 10x | as long as short |
Hyperliquid CASHCAT
Bybit CASHCATUSDT
OKX CASHCAT-USDT-SWAP
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
BingX CASHCAT-USDT
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1725 | −0.191% | $517 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1724 | −0.258% | $18K | $388K | 10x | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1728 | 0.000% | $50K | $488K | 20x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0364% | 1h | 0.1726 | −0.098% | $66K | $1.2M | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1725 | −0.155% | $100K | $466K | 5x | as long as short |
| Lighter RH CASHCATshort | +0.0520% | 1h | 0.1728 | 0.000% | $331K | $833K | 3x | |
| Nado CASHCAT-PERP | +0.0675% | 1h | 0.1725 | −0.145% | $245K | $157K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0857% | 4h | 0.1740 | +0.714% | $52K | $172K | 5x | as long as short |
| Lighter CASHCATlong | +0.1336% | 1h | 0.1728 | long leg | $1.2M | $1.9M | 3x | |
| Arcus CASHCAT-USD | +0.1786% | 1h | 0.1738 | +0.571% | $120K | $216K | 5x | as long as short |
| Aster CASHCATUSDT | +0.3644% | 1h | 0.1733 | +0.315% | $570K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1754 | +1.505% | $9K | $12K | 5.5x | as long as short |
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
BloFin CASHCAT-USDT
Polymarket Perps CASHCAT-USD
Extended CASHCAT-USD
Nado CASHCAT-PERP
edgeX CASHCATUSDC
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP