Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.107%

Price spread now: Gate against Lighter RH−0.057%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

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

costs, in and out, $10k−$1601.597% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.546%−$55 on $10k

Price spread, last 4 days (all we have)−0.372%−$37 · spread now −0.057%, 7d avg −0.158%

Together, before fees−0.918%+ Points / potential airdropLighter RH: Points live · farm board−$92 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.100% dearer against Lighter RH than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CASHCAT	0.1575	0.0096	pay 0.0012% / 1h	7m 24s	$321K	$919K	3x
Short	Gate CASHCAT_USDT	0.1574	0.0100	get 0.0050% / 4h	3h 07m	$1.4M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0.84
Price spread: −0.057% → −0.158%: $10.05
Slippage, 4 orders: −$144.68
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148.79
Costs to cover: 1.597%
Break-even: 1246.9 days

Slippage from Lighter RH: live order book, 45 min ago; Gate: live order book, 5 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 RH live order book, 45 min ago	5.92 bp	28.1 bp −$28	36.2 bp −$362	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	9.12 bp	57.8 bp −$58	277.6 bp −$2,776	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 CASHCAT	−0.0312%	1h	0.1575	−0.038%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCATlong	+0.0096%	1h	0.1575	long leg	$321K	$919K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1577	+0.095%	$43.1M	$20.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1581	+0.343%	$11.8M	$19.0M	10x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1574	−0.057%	$1.4M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1578	+0.178%	$7.8M	$524K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1578	+0.140%	$554K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1581	+0.356%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1586	+0.667%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1564	−0.729%	—	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1572	−0.190%	$472	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1563	−0.764%	$18K	$315K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1576	+0.054%	$164K	$675K	5x	as long as short
edgeX CASHCATUSDC	+0.0491%	4h	0.1571	−0.253%	$48K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0610%	1h	0.1578	+0.146%	$67K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0650%	1h	0.1574	−0.051%	$213K	$182K	5x	as long as short
BingX CASHCAT-USDT	+0.0848%	4h	0.1579	+0.235%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0880%	4h	0.1581	+0.362%	$1.4M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1138%	4h	0.1570	−0.336%	$51K	$520K	20x	as long as short
Aster CASHCATUSDT	+0.2216%	1h	0.1577	+0.090%	$527K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1576	+0.043%	$95K	$267K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1636	+3.853%	$8K	$18K	5.5x	as long as short