Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.125%

Price spread now: Lighter against MEXC−0.339%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 7 days+0.329%+$33 · spread now −0.339%, 7d avg −0.040%

Together, before fees+0.968%+ Points / potential airdropLighter: Season 3 · farm board+$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.298% cheaper against MEXC than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.639%, 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	MEXC CASHCAT_USDT	0.1595	0.0100	pay 0.0050% / 4h	3h 14m	$7.9M	$522K	20x
Short	Lighter CASHCAT	0.1590	−0.0048	pay 0.0006% / 1h	14m 02s	$1.1M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.339%Rate

Funding earned: −$31.08
Price spread: −0.339% → −0.040%: −$29.83
Slippage, 4 orders: −$33.59
Fee MEXC: 10 bp × 2 orders: −$20
Fee Lighter: 0 bp × 2 orders: $0
Net: −$114.5
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	3.43 bp	21.3 bp −$21	218.3 bp −$2,183	1287.6 bp −$128.8K	doesn't fit
Sell Lighter live order book, 3 min ago	7.85 bp	7.9 bp −$8	24.8 bp −$248	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	−0.0048%	1h	0.1590	−0.339%	$1.1M	$1.9M	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1592	−0.201%	$43.5M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1595	−0.006%	$11.9M	$18.9M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1591	−0.232%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1595	long leg	$7.9M	$522K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1592	−0.157%	$558K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1598	+0.205%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1596	+0.050%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1592	−0.157%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1591	−0.226%	$477	$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	0.1595	+0.035%	$18K	$316K	10x	as long as short
Lighter RH CASHCAT	+0.0128%	1h	0.1593	−0.119%	$319K	$911K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1592	−0.213%	$167K	$675K	5x	as long as short
Nado CASHCAT-PERP	+0.0627%	1h	0.1593	−0.150%	$215K	$181K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0636%	1h	0.1594	−0.063%	$64K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0723%	4h	0.1600	+0.349%	$49K	$170K	5x	as long as short
BingX CASHCAT-USDT	+0.0874%	4h	0.1594	−0.056%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0892%	4h	0.1594	−0.056%	$1.4M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1185%	4h	0.1595	+0.006%	$52K	$526K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1600	+0.293%	$96K	$265K	5x	as long as short
Aster CASHCATUSDT	+0.2736%	1h	0.1594	−0.044%	$532K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1636	+2.577%	$8K	$18K	5.5x	as long as short