Funding you earn now, next payment 04:00 UTC−0.2085%/8h= −228.4% APRnext payment −$2.61 per $10,000 · paid last 24h −0.057%
Price spread now: Lighter against Arcus−0.197%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2272.273% of the position
Funding, last 4 days (all we have)−0.299%−$30 on $10k
+Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.197%, 7d avg −0.120%
=Together, before fees−0.064%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Lighter is 0.076% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.299% in total (about -30.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.61 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 | Arcus CASHCAT-USD | 0.1598 | 0.2181 | pay 0.0273% / 1h | 14m 12s | $96K | $264K | 5x |
| Short | Lighter CASHCAT | 0.1595 | 0.0096 | get 0.0012% / 1h | 14m 12s | $1.1M | $1.9M | 3x |
Arcus CASHCAT-USD
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$437.95
- Price spread: −0.197% → −0.120%
- −$7.64
- Slippage, 4 orders
- −$222.81
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$672.9
- Costs to cover
- 2.273%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 44 min ago; Lighter: 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 Arcus live order book, 44 min ago | 28.69 bp | 133.4 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 6.90 bp | 10.8 bp −$11 | 22.1 bp −$221 | 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 | 0.1595 | −0.197% | $1.1M | $1.9M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1597 | −0.059% | $315K | $848K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1595 | −0.171% | $43.6M | $20.0M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1595 | −0.178% | $1.4M | $2.0M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1597 | −0.040% | $556K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1601 | +0.177% | $1.1M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1601 | +0.217% | $73K | $64K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1596 | −0.123% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1596 | −0.134% | $479 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1605 | +0.450% | $18K | $329K | 10x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CASHCATUSDT | +0.0138% | 4h | 0.1597 | −0.053% | $12.1M | $18.7M | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0146% | 4h | 0.1598 | +0.010% | $7.9M | $523K | 20x | as long as short |
| Nado CASHCAT-PERP | +0.0150% | 1h | 0.1594 | −0.218% | $215K | $201K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0203% | 4h | 0.1605 | +0.441% | $48K | $170K | 5x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1595 | −0.151% | $98K | $608K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0792% | 4h | 0.1599 | +0.079% | — | $1.0M | — | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0814% | 1h | 0.1597 | −0.071% | $64K | $1.3M | 3x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0858% | 4h | 0.1598 | +0.016% | $1.4M | $11.0M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.1113% | 4h | 0.1599 | +0.079% | $52K | $500K | 20x | as long as short |
| Arcus CASHCAT-USDlong | +0.2181% | 1h | 0.1598 | long leg | $96K | $264K | 5x | |
| Aster CASHCATUSDT | +0.2222% | 1h | 0.1596 | −0.103% | $531K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1620 | +1.393% | $8K | $18K | 5.5x | as long as short |
Bybit CASHCATUSDT
MEXC CASHCAT_USDT
Nado CASHCAT-PERP
edgeX CASHCATUSDC
Extended CASHCAT-USD
BingX CASHCAT-USDT
Polymarket Perps CASHCAT-USD
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP