Funding you earn now, next payment 05:00 UTC+0.0584%/8h= +63.9% APRnext payment +$0.73 per $10,000 · paid last 24h +0.051%
Price spread now: Nado against Lighter−0.199%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1161.163% of the position
Funding, last 3 days (all we have)+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)+0.663%+$66 · spread now −0.199%, 7d avg −0.023%
=Together, before fees+0.738%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.176% cheaper against Lighter than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.023%). If the spread goes back, that is −$18 on $10k: about 24 hours of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.075% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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 | 0.1605 | 0.0096 | pay 0.0012% / 1h | 41m 57s | $1.1M | $1.8M | 3x |
| Short | Nado CASHCAT-PERP | 0.1601 | 0.0680 | get 0.0085% / 1h | 41m 57s | $216K | $188K | 5x |
Lighter CASHCAT
Nado CASHCAT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $122.55
- Price spread: −0.199% → −0.023%
- −$17.6
- Slippage, 4 orders
- −$116.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$11.38
- Costs to cover
- 1.163%
- Break-even
- 7.7 days
Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 11 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, 5 min ago | 5.91 bp | 5.9 bp −$6 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Nado live order book, 11 min ago | 21.16 bp | 55.9 bp −$56 | doesn't fit | 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 | +0.0096% | 1h | 0.1605 | long leg | $1.1M | $1.8M | 3x | |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1605 | −0.012% | $43.9M | $19.9M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1607 | +0.125% | $12.0M | $18.8M | 10x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1604 | −0.069% | $1.4M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1607 | +0.168% | $8.0M | $518K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1606 | +0.062% | $558K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1609 | +0.244% | $1.0M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1610 | +0.299% | $73K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1604 | −0.056% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1604 | −0.050% | $481 | $1K | 3x | as long as short |
Hyperliquid CASHCAT
Bybit CASHCATUSDT
Gate CASHCAT_USDT
MEXC 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 | 0.1618 | +0.835% | $18K | $322K | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0256% | 4h | 0.1606 | +0.094% | $49K | $170K | 5x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1606 | +0.094% | $169K | $675K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0578% | 1h | 0.1604 | −0.031% | $66K | $1.3M | 3x | as long as short |
| Nado CASHCAT-PERPshort | +0.0680% | 1h | 0.1601 | −0.199% | $216K | $188K | 5x | |
| Lighter RH CASHCAT | +0.0824% | 1h | 0.1605 | +0.025% | $306K | $876K | 3x | as long as short |
| BingX CASHCAT-USDT | +0.0958% | 4h | 0.1606 | +0.081% | — | $1.0M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0985% | 4h | 0.1607 | +0.143% | $1.5M | $11.2M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.1296% | 4h | 0.1612 | +0.455% | $52K | $501K | 20x | as long as short |
| Arcus CASHCAT-USD | +0.2486% | 1h | 0.1607 | +0.146% | $97K | $264K | 5x | as long as short |
| Aster CASHCATUSDT | +0.3210% | 1h | 0.1607 | +0.127% | $537K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1631 | +1.639% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
edgeX CASHCATUSDC
Extended CASHCAT-USD
Polymarket Perps CASHCAT-USD
Lighter RH CASHCAT
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP