Funding you earn now, next payment 08:00 UTC−0.1358%/8h= −148.8% APRnext payment −$1.70 per $10,000 · paid last 24h −0.079%
Price spread now: Lighter against Nado+0.529%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 4 days (all we have)−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−2.196%−$220 · spread now +0.529%, 7d avg +0.025%
=Together, before fees−2.295%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$229 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.504% dearer against Nado than usual: you sell high and buy low (spread +0.529% now, against its 7-day average of +0.025%): +$50 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.099% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.099% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 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 | Nado CASHCAT-PERP | 0.1664 | 0.1454 | pay 0.0182% / 1h | 7m 47s | $246K | $206K | 5x |
| Short | Lighter CASHCAT | 0.1673 | 0.0096 | get 0.0012% / 1h | 7m 47s | $1.1M | $1.8M | 3x |
Nado CASHCAT-PERP
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- −$285.28
- Price spread: +0.529% → +0.025%
- $50.41
- Slippage, 4 orders
- −$123.98
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$358.84
- Costs to cover
- 1.240%
- Break-even
- never at this rate
Slippage from Nado: live order book, 30 min ago; Lighter: live order book, 4 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 Nado live order book, 30 min ago | 15.97 bp | 53.6 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.56 bp | 6.6 bp −$7 | 14.5 bp −$145 | 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 CASHCATshort | +0.0096% | 1h | 0.1673 | +0.529% | $1.1M | $1.8M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1673 | +0.529% | $350K | $975K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1674 | +0.595% | $46.1M | $20.5M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1674 | +0.625% | $12.5M | $19.2M | 10x | as long as short |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1675 | +0.676% | $103K | $316K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1672 | +0.499% | $1.5M | $2.0M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1675 | +0.643% | $8.4M | $541K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1672 | +0.475% | $598K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1676 | +0.751% | $1.1M | $1.8M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1680 | +0.986% | $76K | $60K | 50x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Bybit CASHCATUSDT
Arcus CASHCAT-USD
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1669 | +0.278% | — | $2.4M | 10x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1681 | +1.001% | $22K | $259K | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0261% | 1h | 0.1670 | +0.367% | $501 | $1K | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1674 | +0.614% | $239K | $887K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0570% | 1h | 0.1669 | +0.294% | $66K | $1.4M | 3x | as long as short |
| BingX CASHCAT-USDT | +0.0630% | 4h | 0.1673 | +0.541% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0648% | 4h | 0.1672 | +0.481% | $1.4M | $12.8M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0901% | 4h | 0.1681 | +1.022% | $52K | $585K | 20x | as long as short |
| edgeX CASHCATUSDC | +0.0989% | 4h | 0.1677 | +0.767% | $51K | $168K | 5x | as long as short |
| Nado CASHCAT-PERPlong | +0.1454% | 1h | 0.1664 | long leg | $246K | $206K | 5x | |
| Aster CASHCATUSDT | +0.3640% | 1h | 0.1676 | +0.736% | $561K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1749 | +5.108% | $9K | $18K | 5.5x | as long as short |
SunX CASHCAT-USDT
HTX CASHCAT-USDT
SoDEX CASHCAT-USD
Extended CASHCAT-USD
Polymarket Perps CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
edgeX CASHCATUSDC
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP