Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0544%/8h= +59.6% APRpaid last 24h −0.123%

Price spread now: MEXC against Lighter+0.119%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.644%−$64 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.119%, 7d avg +0.041%

Together, before fees−0.692%+ Points / potential airdropLighter: Season 3 · farm board−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.078% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.644%, 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	0.1677	0.0664	pay 0.0083% / 1h	34m 50s	$1.2M	$1.7M	3x
Short	MEXC CASHCAT_USDT	0.1679	0.1208	get 0.0604% / 4h	2h 34m	$8.4M	$497K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: $114.24
Price spread: +0.119% → +0.041%: $7.8
Slippage, 4 orders: −$39.08
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 10 bp × 2 orders: −$20
Net: $62.96
Costs to cover: 0.591%
Break-even: 3.1 days

Slippage from Lighter: live order book, 2 min ago; MEXC: 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	5.65 bp	11.5 bp −$12	15.8 bp −$158	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.60 bp	20.5 bp −$21	179.8 bp −$1,798	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1673	−0.221%	$250K	$191K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1677	−0.024%	$45.9M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1677	−0.030%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1677	+0.012%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1681	+0.226%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1670	−0.423%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1675	−0.137%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.209%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1674	−0.167%	$502	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1667	−0.584%	$18K	$368K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1677	−0.025%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0368%	1h	0.1677	0.000%	$327K	$811K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0418%	4h	0.1683	+0.346%	$1.3M	$10.9M	20x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	−0.310%	$51K	$490K	20x	as long as short
Lighter CASHCATlong	+0.0664%	1h	0.1677	long leg	$1.2M	$1.7M	3x
BingX CASHCAT-USDT	+0.1176%	4h	0.1682	+0.286%	—	$1.0M	—	as long as short
Bybit CASHCATUSDT	+0.1188%	4h	0.1681	+0.233%	$12.7M	$18.6M	10x	as long as short
MEXC CASHCAT_USDTshort	+0.1208%	4h	0.1679	+0.119%	$8.4M	$497K	20x
edgeX CASHCATUSDC	+0.1464%	4h	0.1662	−0.919%	$50K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1513%	1h	0.1673	−0.235%	$553K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1673	−0.223%	$116K	$225K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1695	+1.061%	$8K	$12K	5.5x	as long as short