CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.126%

Price spread now: Lighter against Hyperliquid−0.181%7-day average −0.057% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 7 days+0.184%+$18 · spread now −0.181%, 7d avg −0.057%

Together, before fees+0.490%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1602	0.0100	pay 0.0013% / 1h	20m 41s	$43.8M	$20.0M	3x
Short	Lighter CASHCAT	0.1599	0.0096	get 0.0012% / 1h	20m 41s	$1.1M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$0.84
Price spread: −0.181% → −0.057%: −$12.4
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.24
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Lighter: live order book, 6 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 Hyperliquid live order book, 3 min ago	1.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	4.39 bp	4.4 bp −$4	38.1 bp −$381	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	0.1599	−0.181%	$1.1M	$1.9M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1603	+0.031%	$314K	$846K	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1602	long leg	$43.8M	$20.0M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1600	−0.144%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1602	−0.019%	$560K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1604	+0.100%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1598	−0.275%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1602	+0.006%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1601	−0.087%	$480	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1605	+0.171%	$18K	$331K	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	+0.0101%	1h	0.1599	−0.156%	$216K	$202K	5x	as long as short
Bybit CASHCATUSDT	+0.0208%	4h	0.1604	+0.106%	$12.1M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0218%	4h	0.1602	−0.012%	$8.0M	$523K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1600	−0.096%	$98K	$608K	5x	as long as short
BingX CASHCAT-USDT	+0.0788%	4h	0.1603	+0.062%	—	$1.0M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0812%	1h	0.1603	+0.075%	$64K	$1.3M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0832%	4h	0.1604	+0.125%	$1.4M	$11.0M	20x	as long as short
BloFin CASHCAT-USDT	+0.1077%	4h	0.1607	+0.312%	$52K	$505K	20x	as long as short
edgeX CASHCATUSDC	+0.1175%	4h	0.1603	+0.036%	$48K	$169K	5x	as long as short
Aster CASHCATUSDT	+0.1955%	1h	0.1601	−0.069%	$531K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1600	−0.125%	$96K	$263K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1618	+0.999%	$8K	$18K	5.5x	as long as short