Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0840%/8h= +92.0% APRpaid last 24h −0.107%

Price spread now: MEXC against Lighter RH+0.006%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.006%, 7d avg −0.037%

Together, before fees−0.723%+ Points / potential airdropLighter RH: Points live · farm board−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and MEXC is 0.043% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.479%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.479% in total (about -25.0% a year). A funding rate is set anew for every payment. 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 RH CASHCAT	0.1623	0.0096	pay 0.0012% / 1h	50m 43s	$316K	$820K	3x
Short	MEXC CASHCAT_USDT	0.1623	0.0936	get 0.0468% / 4h	1h 50m	$8.1M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: $176.4
Price spread: +0.006% → −0.037%: $4.35
Slippage, 4 orders: −$46.75
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 10 bp × 2 orders: −$20
Net: $114
Costs to cover: 0.667%
Break-even: 2.5 days

Slippage from Lighter RH: live order book, 12 min ago; MEXC: live order book, 2 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, 12 min ago	11.49 bp	12.6 bp −$13	17.4 bp −$174	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.77 bp	19.1 bp −$19	299.0 bp −$2,990	1096.7 bp −$109.7K	doesn't fit

CASHCAT on 21 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	0.1623	long leg	$316K	$820K	3x
Nado CASHCAT-PERP	+0.0100%	1h	0.1622	−0.068%	$243K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1620	−0.203%	$44.1M	$19.2M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1624	+0.038%	$112K	$218K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1621	−0.123%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1622	−0.062%	$540K	$2.3M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1626	+0.184%	$1.2M	$1.6M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1623	+0.018%	$65K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1623	−0.034%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1623	−0.031%	$487	$1K	3x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1632	+0.575%	$17K	$352K	10x	as long as short
Lighter CASHCAT	+0.0104%	1h	0.1623	+0.012%	$1.2M	$1.6M	3x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1622	−0.081%	$97K	$489K	5x	as long as short
ApeX Omni CASHCATUSDT	+0.0318%	1h	0.1624	+0.068%	$74K	$63K	50x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0456%	4h	0.1623	−0.006%	$1.3M	$10.3M	20x	as long as short
Aster CASHCATUSDT	+0.0543%	1h	0.1623	−0.006%	$543K	$1.0M	10x	as long as short
BingX CASHCAT-USDT	+0.0904%	4h	0.1621	−0.129%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDTshort	+0.0936%	4h	0.1623	+0.006%	$8.1M	$491K	20x
Bybit CASHCATUSDT	+0.0937%	4h	0.1623	−0.037%	$12.1M	$17.9M	10x	as long as short
edgeX CASHCATUSDC	+0.1367%	4h	0.1624	+0.084%	$49K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1641	+1.103%	$8K	$18K	5.5x	as long as short