Funding you earn now, next payment 21:00 UTC+0.1804%/8h= +197.5% APRpaid last 24h +0.157%
Price spread now: Lighter against Variational Omni−0.708%7-day average −0.194% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.158%+$16 on $10k
+Price spread, last 7 days+0.766%+$77 · spread now −0.708%, 7d avg −0.194%
=Together, before fees+0.925%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.514% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.708% now, against its 7-day average of −0.194%). If the spread goes back, that is −$51 on $10k: about 23 hours of funding at the current rate (+$54 a day). At the pace of the last 3 days (+0.158% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.158% in total (about 18.1% 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 | Variational Omni CASHCAT | 0.1818 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $1.5M | $1.7M | — |
| Short | Lighter CASHCAT | 0.1805 | 0.1904 | get 0.0238% / 1h | 30m 21s | $1.3M | $1.9M | 3x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $378.84
- Price spread: −0.708% → −0.194%
- −$51.41
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $327.43
- Costs to cover
- 0.000%
- Break-even
- 0.9 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 2 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 4 min ago | 5.54 bp | doesn't fit | 110.9 bp −$1,109 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 8.52 bp | 71.6 bp −$72 | 176.2 bp −$1,762 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1809 | −0.515% | $51.7M | $18.8M | 3x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0100% | 4h | 0.1805 | −0.730% | $1.0M | $11.7M | 20x | as long as short |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1818 | −0.023% | $107K | $187K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1809 | −0.510% | $1.5M | $2.0M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1809 | −0.510% | $604K | $2.4M | 10x | as long as short |
| Variational Omni CASHCATlong | +0.0100% | 4h | 0.1818 | long leg | $1.5M | $1.7M | — | |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1812 | −0.361% | $82K | $83K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1804 | −0.808% | — | $2.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1805 | −0.741% | $541 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1814 | −0.248% | $19K | $434K | 10x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado CASHCAT-PERP | +0.0259% | 1h | 0.1807 | −0.620% | $254K | $152K | 5x | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1819 | +0.040% | $50K | $555K | 20x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0341% | 1h | 0.1810 | −0.433% | $69K | $1.2M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0406% | 4h | 0.1803 | −0.818% | $13.6M | $18.6M | 10x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1806 | −0.649% | $294K | $284K | 5x | as long as short |
| MEXC CASHCAT_USDT | +0.0506% | 4h | 0.1811 | −0.383% | $9.0M | $487K | 20x | as long as short |
| BingX CASHCAT-USDT | +0.0787% | 4h | 0.1804 | −0.785% | — | $1.1M | — | as long as short |
| Lighter RH CASHCAT | +0.1184% | 1h | 0.1805 | −0.708% | $346K | $718K | 3x | as long as short |
| edgeX CASHCATUSDC | +0.1575% | 4h | 0.1810 | −0.473% | $54K | $171K | 5x | as long as short |
| Aster CASHCATUSDT | +0.1848% | 1h | 0.1812 | −0.328% | $604K | $1.2M | 10x | as long as short |
| Lighter CASHCATshort | +0.1904% | 1h | 0.1805 | −0.708% | $1.3M | $1.9M | 3x | |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1916 | +5.375% | $13K | $9K | 5.5x | as long as short |
Variational Omni CASHCAT
Lighter CASHCAT
Hyperliquid CASHCAT
OKX CASHCAT-USDT-SWAP
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
BloFin CASHCAT-USDT
Polymarket Perps CASHCAT-USD
Bybit CASHCATUSDT
Extended CASHCAT-USD
MEXC CASHCAT_USDT
BingX CASHCAT-USDT
Lighter RH CASHCAT
edgeX CASHCATUSDC
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP