Funding you earn now, next payment 02:00 UTC−0.0652%/8h= −71.4% APRpaid last 24h +0.123%
Price spread now: Lighter against Bybit−0.084%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days+0.641%+$64 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.084%, 7d avg −0.063%
=Together, before fees+0.650%+ Points / potential airdropLighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.020% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.641%, 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 | Bybit CASHCATUSDT | 0.1673 | 0.1084 | pay 0.0542% / 4h | 2h 15m | $12.7M | $18.2M | 10x |
| Short | Lighter CASHCAT | 0.1672 | 0.0432 | get 0.0054% / 1h | 15m 50s | $1.2M | $1.7M | 3x |
Bybit CASHCATUSDT
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$136.84
- Price spread: −0.084% → −0.063%
- −$2.03
- Slippage, 4 orders
- −$82.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$232.27
- Costs to cover
- 0.934%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 6 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 Bybit live order book, 3 min ago | 2.08 bp | 44.4 bp −$44 | 136.8 bp −$1,368 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.77 bp | 4.8 bp −$5 | 11.2 bp −$112 | doesn't fit | doesn't fit |
CASHCAT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado CASHCAT-PERP | +0.0100% | 1h | 0.1668 | −0.269% | $250K | $191K | 5x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1669 | −0.233% | $45.7M | $20.0M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1669 | −0.227% | $1.4M | $1.9M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1671 | −0.120% | $591K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1672 | −0.063% | $1.4M | $1.4M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1680 | +0.430% | $76K | $64K | 50x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0100% | 1h | 0.1671 | −0.120% | $67K | $1.2M | 3x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1671 | −0.114% | — | $2.5M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1669 | −0.221% | $501 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1670 | −0.194% | $18K | $359K | 10x | as long as short |
Nado CASHCAT-PERP
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
Polymarket Perps CASHCAT-USD
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CASHCAT-USD | +0.0104% | 1h | 0.1670 | −0.204% | $117K | $472K | 5x | as long as short |
| Lighter RH CASHCAT | +0.0152% | 1h | 0.1672 | −0.072% | $324K | $815K | 3x | as long as short |
| Lighter CASHCATshort | +0.0432% | 1h | 0.1672 | −0.084% | $1.2M | $1.7M | 3x | |
| OKX CASHCAT-USDT-SWAP | +0.0476% | 4h | 0.1674 | +0.060% | $1.3M | $10.7M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.1076% | 4h | 0.1673 | +0.012% | $8.3M | $499K | 20x | as long as short |
| Bybit CASHCATUSDTlong | +0.1084% | 4h | 0.1673 | long leg | $12.7M | $18.2M | 10x | |
| BingX CASHCAT-USDT | +0.1116% | 4h | 0.1673 | 0.000% | — | $1.0M | — | as long as short |
| Aster CASHCATUSDT | +0.1122% | 1h | 0.1674 | +0.076% | $552K | $1.1M | 10x | as long as short |
| edgeX CASHCATUSDC | +0.1781% | 4h | 0.1680 | +0.427% | $50K | $171K | 5x | as long as short |
| Arcus CASHCAT-USD | +0.2842% | 1h | 0.1675 | +0.116% | $116K | $218K | 5x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1703 | +1.793% | $8K | $12K | 5.5x | as long as short |
Extended CASHCAT-USD
Lighter RH CASHCAT
OKX CASHCAT-USDT-SWAP
MEXC CASHCAT_USDT
BingX CASHCAT-USDT
Aster CASHCATUSDT
edgeX CASHCATUSDC
Arcus CASHCAT-USD
Injective CASHCAT/USDC PERP