Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.077%

Price spread now: Gate against Lighter+0.042%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.677%−$68 on $10k

Price spread, last 7 days−0.156%−$16 · spread now +0.042%, 7d avg −0.111%

Together, before fees−0.833%+ Points / potential airdropLighter: Season 3 · farm board−$83 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: Gate is 0.153% dearer against Lighter than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CASHCAT	0.1654	0.0096	pay 0.0012% / 1h	36m 54s	$1.1M	$1.8M	3x
Short	Gate CASHCAT_USDT	0.1655	0.0100	get 0.0050% / 4h	36m 54s	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now +0.042%Rate

Funding earned: $0.84
Price spread: +0.042% → −0.111%: $15.33
Slippage, 4 orders: −$130.11
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$128.94
Costs to cover: 1.451%
Break-even: 1081.5 days

Slippage from Lighter: live order book, 5 min ago; Gate: live order book, 1 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 Lighter live order book, 5 min ago	5.41 bp	9.4 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	9.37 bp	66.1 bp −$66	315.8 bp −$3,158	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 CASHCATlong	+0.0096%	1h	0.1654	long leg	$1.1M	$1.8M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1655	+0.060%	$354K	$958K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1657	+0.181%	$45.5M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1656	+0.133%	$12.3M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1660	+0.380%	$119K	$296K	5x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1655	+0.042%	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1656	+0.163%	$8.3M	$528K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1655	+0.054%	$578K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	+0.857%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	+0.605%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1657	+0.168%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1669	+0.923%	$23K	$278K	10x	as long as short
SoDEX CASHCAT-USD	+0.0106%	1h	0.1657	+0.169%	$497	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0158%	4h	0.1664	+0.636%	$50K	$168K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1656	+0.162%	$208K	$854K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0754%	1h	0.1656	+0.163%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0776%	4h	0.1655	+0.073%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0778%	4h	0.1653	−0.048%	$1.4M	$12.5M	20x	as long as short
BloFin CASHCAT-USDT	+0.1043%	4h	0.1656	+0.133%	$52K	$565K	20x	as long as short
Aster CASHCATUSDT	+0.1113%	1h	0.1658	+0.236%	$554K	$1.1M	10x	as long as short
Nado CASHCAT-PERP	+0.1438%	1h	0.1653	−0.018%	$245K	$216K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1685	+1.887%	$8K	$18K	5.5x	as long as short