Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0785%/8h= +86.0% APRpaid last 24h −0.063%

Price spread now: OKX against Lighter RH+0.248%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.444%−$44 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.248%, 7d avg −0.010%

Together, before fees−0.774%+ Points / potential airdropLighter RH: Points live · farm board−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and OKX is 0.257% dearer against Lighter RH than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.444%, 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 -0.444% in total (about -23.2% 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	0.1575	0.0096	pay 0.0012% / 1h	5m 04s	$320K	$919K	3x
Short	OKX CASHCAT-USDT-SWAP	0.1579	0.0881	get 0.0441% / 4h	3h 05m	$1.4M	$11.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.248%Rate

Funding earned: $164.88
Price spread: +0.248% → −0.010%: $25.74
Slippage, 4 orders: −$87.07
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $93.56
Costs to cover: 0.971%
Break-even: 3.0 days

Slippage from Lighter RH: live order book, 47 min ago; OKX: 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 RH live order book, 47 min ago	5.92 bp	28.1 bp −$28	36.2 bp −$362	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	6.34 bp	31.9 bp −$32	89.9 bp −$899	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	−0.0304%	1h	0.1572	−0.229%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCATlong	+0.0096%	1h	0.1575	long leg	$320K	$919K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1575	−0.006%	$43.0M	$20.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1579	+0.235%	$11.8M	$19.0M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1574	−0.044%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1579	+0.241%	$7.8M	$524K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1575	−0.025%	$554K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1581	+0.398%	$1.0M	$1.7M	—	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1574	−0.083%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1575	−0.025%	$472	$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	0.1576	+0.067%	$18K	$314K	10x	as long as short
ApeX Omni CASHCATUSDT	+0.0119%	1h	0.1583	+0.483%	$72K	$64K	50x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1575	−0.021%	$165K	$675K	5x	as long as short
edgeX CASHCATUSDC	+0.0491%	4h	0.1571	−0.240%	$48K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0601%	1h	0.1576	+0.038%	$67K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0642%	1h	0.1573	−0.133%	$212K	$183K	5x	as long as short
BingX CASHCAT-USDT	+0.0822%	4h	0.1579	+0.248%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0881%	4h	0.1579	+0.248%	$1.4M	$11.2M	20x
BloFin CASHCAT-USDT	+0.1153%	4h	0.1579	+0.248%	$52K	$524K	20x	as long as short
Aster CASHCATUSDT	+0.2021%	1h	0.1576	+0.038%	$526K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1579	+0.246%	$95K	$267K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1636	+3.866%	$8K	$18K	5.5x	as long as short