Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h −0.107%

Price spread now: Bybit against Lighter RH+0.219%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.476%−$48 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.219%, 7d avg +0.007%

Together, before fees−0.588%+ Points / potential airdropLighter RH: Points live · farm board−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.213% dearer against Lighter RH than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.476%, 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 RH CASHCAT	0.1596	0.0096	pay 0.0012% / 1h	3m 10s	$313K	$840K	3x
Short	Bybit CASHCATUSDT	0.1600	0.0309	get 0.0154% / 4h	1h 03m	$12.3M	$18.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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 Lighter RHbpFee BybitbpOrdersPrice spread, now +0.219%Rate

Funding earned: $44.63
Price spread: +0.219% → +0.007%: $21.28
Slippage, 4 orders: −$97.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43
Costs to cover: 1.089%
Break-even: 13.7 days

Slippage from Lighter RH: live order book, 59 min ago; Bybit: live order book, just now.

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 RH live order book, 59 min ago	11.49 bp	12.6 bp −$13	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bybit live order book, just now	1.87 bp	31.0 bp −$31	122.6 bp −$1,226	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 CASHCATlong	+0.0096%	1h	0.1596	long leg	$313K	$840K	3x
Nado CASHCAT-PERP	+0.0100%	1h	0.1599	+0.175%	$219K	$201K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1603	+0.413%	$43.9M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1590	−0.388%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1599	+0.175%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1601	+0.288%	$546K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−0.900%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1589	−0.439%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1593	−0.180%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1599	+0.175%	$480	$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	0.1596	+0.007%	$18K	$341K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0216%	1h	0.1602	+0.351%	$66K	$1.3M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0309%	4h	0.1600	+0.219%	$12.3M	$18.4M	10x
MEXC CASHCAT_USDT	+0.0312%	4h	0.1599	+0.200%	$7.9M	$523K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1601	+0.325%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDT	+0.0542%	4h	0.1603	+0.426%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0638%	4h	0.1600	+0.238%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0835%	4h	0.1589	−0.451%	$52K	$469K	20x	as long as short
Lighter CASHCAT	+0.0848%	1h	0.1599	+0.188%	$1.1M	$1.7M	3x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.494%	$48K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1980%	1h	0.1596	−0.012%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1606	+0.614%	$8K	$18K	5.5x	as long as short