CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.125%

Price spread now: Lighter against SunX+0.064%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2442.437% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.694%+$69 on $10k

Price spread, last 4 days (all we have)−0.651%−$65 · spread now +0.064%, 7d avg −0.043%

Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.107% dearer against SunX than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.043%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.694%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1598	0.0100	pay 0.0013% / 1h	18m 05s	—	$2.4M	10x
Short	Lighter CASHCAT	0.1599	0.0056	get 0.0007% / 1h	18m 05s	$1.1M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$9.24
Price spread: +0.064% → −0.043%: $10.7
Slippage, 4 orders: −$235.68
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$242.22
Costs to cover: 2.437%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Lighter: 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 SunX live order book, 9 min ago	82.92 bp	101.0 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	8.79 bp	8.8 bp −$9	24.1 bp −$241	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	+0.0056%	1h	0.1599	+0.064%	$1.1M	$1.9M	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	−0.111%	$43.6M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1605	+0.421%	$12.0M	$18.9M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1596	−0.124%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1603	+0.314%	$8.0M	$521K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1599	+0.064%	$560K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1598	+0.012%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1599	+0.033%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1598	long leg	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1600	+0.133%	$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	0.1601	+0.207%	$18K	$317K	10x	as long as short
edgeX CASHCATUSDC	+0.0127%	4h	0.1598	+0.016%	$48K	$169K	5x	as long as short
Lighter RH CASHCAT	+0.0184%	1h	0.1602	+0.264%	$321K	$909K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1600	+0.140%	$168K	$675K	5x	as long as short
Nado CASHCAT-PERP	+0.0611%	1h	0.1598	−0.005%	$216K	$180K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0708%	1h	0.1599	+0.070%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0892%	4h	0.1598	−0.005%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0917%	4h	0.1598	−0.005%	$1.4M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1191%	4h	0.1604	+0.370%	$52K	$529K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1602	+0.225%	$96K	$265K	5x	as long as short
Aster CASHCATUSDT	+0.3046%	1h	0.1598	−0.019%	$534K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1636	+2.373%	$8K	$18K	5.5x	as long as short