CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.153%

Price spread now: Lighter RH against Hyperliquid+0.114%7-day average +0.036% · you sell dearer than you buy

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

Long on Hyperliquid Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.114%, 7d avg +0.036%

Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter RH is 0.078% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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	Hyperliquid CASHCAT	0.1748	0.0100	pay 0.0013% / 1h	4m 42s	$49.4M	$18.5M	3x
Short	Lighter RH CASHCAT	0.1750	0.0352	get 0.0044% / 1h	4m 42s	$341K	$825K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Lighter RHbpOrdersPrice spread, now +0.114%Rate

Funding earned: $52.92
Price spread: +0.114% → +0.036%: $7.82
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $51.74
Costs to cover: 0.090%
Break-even: 0.2 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Lighter RH: live order book, 13 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, 9 min ago	6.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 13 min ago	8.65 bp	8.7 bp −$9	83.6 bp −$836	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 CASHCAT	+0.0096%	1h	0.1750	+0.103%	$1.3M	$2.0M	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1748	long leg	$49.4M	$18.5M	3x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1750	+0.114%	$1.1M	$10.6M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1744	−0.248%	$120K	$213K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1748	+0.006%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1747	−0.051%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1744	−0.225%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1739	−0.538%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1744	−0.252%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1743	−0.292%	$523	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1742	−0.326%	$18K	$399K	10x	as long as short
BingX CASHCAT-USDT	+0.0164%	4h	0.1750	+0.114%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.0192%	4h	0.1750	+0.126%	$8.7M	$469K	20x	as long as short
Bybit CASHCATUSDT	+0.0192%	4h	0.1750	+0.132%	$13.1M	$18.2M	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1748	0.000%	$50K	$492K	20x	as long as short
Lighter RH CASHCATshort	+0.0352%	1h	0.1750	+0.114%	$341K	$825K	3x
Nado CASHCAT-PERP	+0.0360%	1h	0.1742	−0.360%	$246K	$157K	5x	as long as short
Extended CASHCAT-USD	+0.0472%	1h	0.1750	+0.114%	$96K	$465K	5x	as long as short
edgeX CASHCATUSDC	+0.0473%	4h	0.1743	−0.312%	$52K	$171K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0477%	1h	0.1744	−0.212%	$66K	$1.2M	3x	as long as short
Aster CASHCATUSDT	+0.2319%	1h	0.1745	−0.167%	$573K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+4.920%	$12K	$9K	5.5x	as long as short