CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0720%/8h= +78.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Extended+0.142%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.142%, 7d avg −0.021%

Together, before fees−0.144%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.162% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 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	Extended CASHCAT-USD	0.1642	0.0216	pay 0.0027% / 1h	28m 24s	$100K	$499K	5x
Short	Lighter CASHCAT	0.1644	0.0936	get 0.0117% / 1h	28m 24s	$1.2M	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.142%Rate

Funding earned: $151.2
Price spread: +0.142% → −0.021%: $16.22
Slippage, 4 orders: −$90.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $71.44
Costs to cover: 0.960%
Break-even: 3.7 days

Slippage from Extended: live order book, 34 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 Extended live order book, 34 min ago	17.50 bp	42.6 bp −$43	268.0 bp −$2,680	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	5.16 bp	5.8 bp −$6	18.0 bp −$180	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1639	−0.148%	$245K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1641	−0.017%	$44.7M	$19.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1642	+0.026%	$114K	$219K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1639	−0.157%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1642	+0.026%	$557K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1648	+0.352%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1650	+0.501%	$75K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1641	−0.075%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1642	+0.001%	$493	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1647	+0.303%	$18K	$346K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0183%	1h	0.1642	+0.001%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USDlong	+0.0216%	1h	0.1642	long leg	$100K	$499K	5x
Lighter RH CASHCAT	+0.0432%	1h	0.1642	+0.026%	$320K	$823K	3x	as long as short
Bybit CASHCATUSDT	+0.0521%	4h	0.1644	+0.160%	$12.3M	$17.9M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0535%	4h	0.1644	+0.135%	$1.4M	$10.5M	20x	as long as short
MEXC CASHCAT_USDT	+0.0536%	4h	0.1643	+0.044%	$8.2M	$501K	20x	as long as short
BingX CASHCAT-USDT	+0.0608%	4h	0.1644	+0.135%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0774%	4h	0.1653	+0.684%	$52K	$472K	20x	as long as short
Aster CASHCATUSDT	+0.0781%	1h	0.1644	+0.136%	$549K	$1.0M	10x	as long as short
Lighter CASHCATshort	+0.0936%	1h	0.1644	+0.142%	$1.2M	$1.7M	3x
edgeX CASHCATUSDC	+0.1260%	4h	0.1644	+0.165%	$49K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1663	+1.293%	$8K	$18K	5.5x	as long as short