CASHCAT funding rates

CASHCAT perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:27 UTC · refreshed every 5 min

Best pair · 7d: 21.0%long Lighter RH, short Lighter · net 21.0%
Highest funding now: 11.4%Extended
Lowest funding now: −179%Aster
Listed on: 11 venues

Funding by venue

													Open
Extended	CASHCAT-USD	11.4%	16.1%	3.0%	30.5%	0.9%	82%	1h	03:00	0.1204	$89k	$49k	ExExtended
Hyperliquid	CASHCAT	10.9%	15.6%	10.7%	27.3%	9.9%	98%	1h	—	0.1204	$25.6M	$5.6M	HyHyperliquid
Polymarket	CASHCAT-USD	10.9%	12.6%	10.8%	34.5%	10.5%	96%	1h	03:00	0.1203	$57k	$326k	PmPolymarket
BybitCEX	CASHCATUSDT	10.9%	8.6%	3.7%	24.4%	2.9%	92%	4h	04:00	0.1202	$6.7M	$7.8M	ByBybit
GateCEX	CASHCAT_USDT	10.9%	10.9%	10.0%	12.3%	9.9%	95%	4h	04:00	0.1203	$5.9M	$533k	GtGate
MEXCCEX	CASHCAT_USDT	10.9%	10.8%	3.9%	24.3%	2.8%	93%	4h	04:00	0.1201	$4.5M	$286k	MxMEXC
Variational	CASHCAT	10.9%	10.9%	8.4%	19.4%	8.0%	97%	4h	—	0.1209	$646k	$651k	VaVariational
Nado	CASHCAT-PERP_USDT0	10.9%	10.9%	10.2%	52.3%	10.1%	98%	1h	03:00	0.1203	$42k	$30k	NaNado
Lighter RH	CASHCAT	10.5%	58.5%	1.1%	27.5%	−8.5%	61%	1h	03:00	0.1213	$218k	$518k	LrLighter RH
Lighter	CASHCAT	−60.4%	71.3%	22.1%	42.7%	13.9%	57%	1h	03:00	0.1214	$596k	$1.0M	LiLighter
Aster	CASHCATUSDT	−179%	50.0%	6.8%	46.6%	−0.3%	57%	1h	03:00	0.1206	$240k	$265k	AsAster

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Lighter RH	Lighter	−71.0%	12.8%	21.0%	16.3%	21.0%	31.5%	<0.1d	cooling	$218k		Lr Li	calc
Lighter RH	Polymarket	0.4%	−45.9%	9.7%	12.1%	7.7%	11.5%	3.0d	cooling	$57k	invite only	Lr Pm	calc
Lighter RH	Variational	0.4%	−47.6%	7.4%	−6.2%	7.4%	11.0%	<0.1d	cooling	$218k	1h/4hspread not incl.	Lr Va	calc
Lighter RH	Hyperliquid	0.4%	−42.9%	9.6%	0.0%	7.3%	10.9%	3.4d	cooling	$218k		Lr Hy	calc
Aster	Lighter	119%	21.3%	15.2%	−3.9%	13.1%	19.7%	1.9d	steady	$240k		As Li	calc
Lighter RH	GateCEX	0.4%	−47.6%	9.0%	−14.7%	5.1%	7.6%	6.1d	cooling	$218k	1h/4h	Lr Gt	calc
Extended	Lighter	−71.8%	55.2%	19.0%	12.2%	17.7%	26.6%	1.0d	spike ×4.2	$89k		Ex Li	calc
MEXCCEX	Lighter	−71.4%	60.5%	18.2%	18.4%	17.1%	25.7%	0.8d	spike ×5.5	$596k	4h/1h	Mx Li	calc
BybitCEX	Lighter	−71.4%	62.8%	18.4%	18.3%	15.5%	23.3%	2.2d	spike ×5.7	$596k	4h/1h	By Li	calc
MEXCCEX	Polymarket	0.0%	1.8%	6.9%	10.2%	3.8%	5.7%	6.3d	cooling	$57k	4h/1hinvite only	Mx Pm	calc
Lighter RH	Nado	0.4%	−47.6%	9.1%	30.7%	7.3%	11.0%	2.8d	cooling	$42k	low OI	Lr Na	calc
MEXCCEX	Variational	0.0%	0.2%	4.5%	−4.9%	3.5%	5.2%	3.2d	cooling	$646k	spread not incl.	Mx Va	calc
MEXCCEX	Hyperliquid	0.0%	4.9%	6.8%	2.9%	3.4%	5.1%	7.0d	cooling	$4.5M	4h/1h	Mx Hy	calc
Variational	Lighter	−71.4%	60.4%	13.6%	23.3%	13.6%	20.5%	<0.1d	spike ×10.3	$596k	4h/1hspread not incl.	Va Li	calc
Polymarket	Lighter	−71.4%	58.7%	11.3%	8.2%	9.2%	13.8%	2.6d	spike ×17.5	$57k	invite only	Pm Li	calc
Hyperliquid	Lighter	−71.4%	55.7%	11.4%	15.4%	9.0%	13.5%	2.9d	spike ×14.0	$596k		Hy Li	calc
Extended	Polymarket	−0.4%	−3.5%	7.8%	4.0%	4.4%	6.6%	6.1d	mixed	$57k	invite only	Ex Pm	calc
BybitCEX	Polymarket	0.0%	4.0%	7.1%	10.1%	2.2%	3.3%	9.7d	cooling	$57k	4h/1hinvite only	By Pm	calc
Extended	Variational	−0.4%	−5.1%	5.4%	−11.1%	4.1%	6.1%	3.4d	mixed	$89k	1h/4hspread not incl.	Ex Va	calc
GateCEX	Lighter	−71.4%	60.4%	12.0%	30.5%	8.1%	12.2%	4.6d	spike ×15.2	$596k	4h/1h	Gt Li	calc
Extended	Hyperliquid	−0.4%	−0.4%	7.7%	−3.2%	4.0%	6.0%	6.7d	mixed	$89k		Ex Hy	calc
BybitCEX	Variational	0.0%	2.4%	4.8%	−4.9%	1.9%	2.8%	8.4d	cooling	$646k	spread not incl.	By Va	calc
Lighter RH	Aster	−190%	−8.5%	5.8%	18.6%	3.7%	5.5%	5.1d	mixed	$218k		Lr As	calc
BybitCEX	Hyperliquid	0.0%	7.1%	7.0%	2.9%	1.8%	2.7%	10d	cooling	$6.7M	4h/1h	By Hy	calc
Lighter RH	MEXCCEX	0.4%	−47.7%	2.8%	0.3%	1.8%	2.7%	5.1d	cooling	$218k	1h/4h	Lr Mx	calc
MEXCCEX	Nado	0.0%	0.2%	6.3%	27.9%	3.4%	5.1%	6.4d	cooling	$42k	low OI4h/1h	Mx Na	calc
Nado	Lighter	−71.4%	60.4%	11.9%	−9.6%	10.0%	15.1%	2.2d	spike ×15.9	$42k	low OI	Na Li	calc
MEXCCEX	GateCEX	0.0%	0.2%	6.1%	−12.1%	1.2%	1.8%	11d	cooling	$4.5M		Mx Gt	calc
Extended	Nado	−0.4%	−5.1%	7.2%	21.8%	4.0%	6.1%	6.1d	mixed	$42k	low OI	Ex Na	calc
BybitCEX	Nado	0.0%	2.4%	6.5%	27.9%	1.8%	2.8%	10d	cooling	$42k	low OI4h/1h	By Na	calc
Extended	GateCEX	−0.4%	−5.1%	7.0%	−18.3%	1.8%	2.7%	10d	mixed	$89k	1h/4h	Ex Gt	calc
Lighter RH	Extended	0.9%	−42.4%	2.0%	3.5%	0.7%	1.0%	9.3d	cooling	$89k		Lr Ex	calc
Variational	Polymarket	0.0%	1.6%	2.4%	15.1%	0.3%	0.4%	12d	weak	$57k	4h/1hinvite onlyspread not incl.	Va Pm	calc
Extended	Aster	−190%	33.9%	3.8%	16.1%	0.4%	0.6%	12d	spike	$89k		Ex As	calc
Variational	Hyperliquid	0.0%	4.7%	2.3%	7.8%	−0.1%	−0.1%	14d	weak	$646k	4h/1hspread not incl.	Va Hy	calc
Variational	Nado	0.0%	0.0%	1.8%	32.8%	0.0%	−0.1%	14d	weak	$42k	low OI4h/1hspread not incl.	Va Na	calc
Aster	Polymarket	190%	−37.4%	4.0%	−12.1%	−0.2%	−0.3%	15d	cooling	$57k	invite only	As Pm	calc
Lighter RH	BybitCEX	0.4%	−49.9%	2.6%	0.3%	−0.3%	−0.4%	15d	cooling	$218k	1h/4h	Lr By	calc
BybitCEX	GateCEX	0.0%	2.4%	6.4%	−12.1%	−0.4%	−0.6%	15d	cooling	$5.9M		By Gt	calc
Aster	Variational	190%	−39.0%	1.6%	−27.2%	−0.5%	−0.8%	18d	cooling	$240k	1h/4hspread not incl.	As Va	calc
Aster	Hyperliquid	190%	−34.3%	3.9%	−19.3%	−0.6%	−0.9%	16d	cooling	$240k		As Hy	calc
MEXCCEX	Aster	−190%	39.2%	2.9%	22.2%	−0.2%	−0.3%	15d	spike	$240k	4h/1h	Mx As	calc
Aster	Nado	190%	−39.0%	3.4%	5.7%	−0.6%	−0.8%	16d	mixed	$42k	low OI	As Na	calc
Variational	GateCEX	0.0%	0.0%	1.6%	−7.2%	−2.3%	−3.4%	34d	weak	$646k	spread not incl.	Va Gt	calc
Aster	GateCEX	190%	−39.0%	3.2%	−34.3%	−2.8%	−4.2%	26d	cooling	$240k	1h/4h	As Gt	calc
Extended	MEXCCEX	−0.4%	−5.3%	0.9%	−6.2%	−1.5%	−2.2%	37d	mixed	$89k	1h/4h	Ex Mx	calc
MEXCCEX	Extended	0.4%	5.3%	−0.9%	6.2%	−3.2%	−4.8%	—	weak	$89k	4h/1h	Mx Ex	calc
BybitCEX	MEXCCEX	0.0%	2.2%	0.2%	0.0%	−3.7%	−5.5%	234d	weak	$4.5M		By Mx	calc
Hyperliquid	Polymarket	0.0%	−3.1%	0.1%	7.2%	−4.3%	−6.5%	608d	weak	$57k	invite only	Hy Pm	calc
BybitCEX	Extended	0.4%	7.5%	−0.6%	6.1%	−4.8%	−7.2%	—	weak	$89k	4h/1h	By Ex	calc
GateCEX	Polymarket	0.0%	1.6%	0.8%	22.3%	−5.2%	−7.8%	110d	weak	$57k	4h/1hinvite only	Gt Pm	calc
GateCEX	Hyperliquid	0.0%	4.7%	0.7%	15.0%	−5.6%	−8.4%	132d	weak	$5.9M	4h/1h	Gt Hy	calc
Aster	MEXCCEX	190%	−39.2%	−2.9%	−22.2%	−6.1%	−9.1%	—	weak	$240k	1h/4h	As Mx	calc
Nado	Polymarket	0.0%	1.6%	0.6%	−17.8%	−3.3%	−5.0%	91d	weak	$42k	low OIinvite only	Na Pm	calc
Variational	Extended	0.4%	5.1%	−5.4%	11.1%	−6.7%	−10.1%	—	weak	$89k	4h/1hspread not incl.	Va Ex	calc
Extended	BybitCEX	−0.4%	−7.5%	0.6%	−6.1%	−3.5%	−5.3%	91d	mixed	$89k	1h/4h	Ex By	calc
BybitCEX	Aster	−190%	41.4%	3.2%	22.2%	−1.8%	−2.7%	22d	spike	$240k	4h/1h	By As	calc
Nado	Hyperliquid	0.0%	4.7%	0.5%	−25.0%	−3.7%	−5.5%	116d	weak	$42k	low OI	Na Hy	calc
GateCEX	Nado	0.0%	0.0%	0.2%	40.0%	−5.6%	−8.4%	499d	weak	$42k	low OI4h/1h	Gt Na	calc
Polymarket	Extended	0.4%	3.5%	−7.8%	−4.0%	−11.2%	−16.8%	—	weak	$57k	invite only	Pm Ex	calc
Hyperliquid	Extended	0.4%	0.4%	−7.7%	3.2%	−11.3%	−17.0%	—	weak	$89k		Hy Ex	calc
GateCEX	Extended	0.4%	5.1%	−7.0%	18.3%	−12.2%	−18.3%	—	weak	$89k	4h/1h	Gt Ex	calc
Lighter	Variational	71.4%	−60.4%	−13.6%	−23.3%	−13.6%	−20.5%	—	weak	$596k	1h/4hspread not incl.	Li Va	calc
Aster	Extended	190%	−33.9%	−3.8%	−16.1%	−7.2%	−10.8%	—	mixed	$89k		As Ex	calc
Aster	Lighter RH	190%	8.5%	−5.8%	−18.6%	−7.9%	−11.8%	—	mixed	$218k		As Lr	calc
Lighter	GateCEX	71.4%	−60.4%	−12.0%	−30.5%	−15.9%	−23.9%	—	weak	$596k	1h/4h	Li Gt	calc
Aster	BybitCEX	190%	−41.4%	−3.2%	−22.2%	−8.1%	−12.2%	—	mixed	$240k	1h/4h	As By	calc
Nado	Extended	0.4%	5.1%	−7.2%	−21.8%	−10.3%	−15.5%	—	weak	$42k	low OI	Na Ex	calc
Lighter	Polymarket	71.4%	−58.7%	−11.3%	−8.2%	−13.4%	−20.0%	—	mixed	$57k	invite only	Li Pm	calc
Lighter	Nado	71.4%	−60.4%	−11.9%	9.6%	−13.7%	−20.5%	—	weak	$42k	low OI	Li Na	calc
Lighter	Hyperliquid	71.4%	−55.7%	−11.4%	−15.4%	−13.7%	−20.6%	—	mixed	$596k		Li Hy	calc
Lighter	MEXCCEX	71.4%	−60.5%	−18.2%	−18.4%	−19.2%	−28.8%	—	mixed	$596k	1h/4h	Li Mx	calc
Lighter	Extended	71.8%	−55.2%	−19.0%	−12.2%	−20.4%	−30.5%	—	mixed	$89k		Li Ex	calc
Lighter	Lighter RH	71.0%	−12.8%	−21.0%	−16.3%	−21.0%	−31.5%	—	mixed	$218k		Li Lr	calc
Lighter	BybitCEX	71.4%	−62.8%	−18.4%	−18.3%	−21.3%	−31.9%	—	mixed	$596k	1h/4h	Li By	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 02:27 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on MEXC at 0.12011, sell on Lighter at 0.12142: 1.08% before fees, 1.04% after taker fees.

CASHCAT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Lighter0.12142	Lighter RH0.12131	Variational0.120899	Aster0.120629	Hyperliquid0.12041	Extended0.120391	Gate0.12034	Polymarket0.12033	Nado0.120316	Bybit0.12025	MEXC0.12011
MEXC0.12011	1.08%	0.994%	0.654%	0.431%	0.249%	0.234%	0.191%	0.183%	0.171%	0.116%	—
Bybit0.12025	0.968%	0.878%	0.538%	0.314%	0.133%	0.118%	0.075%	0.067%	0.055%	—	−0.116%
Nado0.120316	0.913%	0.823%	0.483%	0.260%	0.078%	0.063%	0.020%	0.012%	—	−0.055%	−0.171%
Polymarket0.12033	0.902%	0.811%	0.471%	0.248%	0.066%	0.051%	0.008%	—	−0.012%	−0.067%	−0.183%
Gate0.12034	0.893%	0.803%	0.463%	0.240%	0.058%	0.043%	—	−0.008%	−0.020%	−0.075%	−0.191%
Extended0.120391	0.851%	0.760%	0.420%	0.197%	0.015%	—	−0.043%	−0.051%	−0.063%	−0.118%	−0.234%
Hyperliquid0.12041	0.835%	0.745%	0.405%	0.181%	—	−0.015%	−0.058%	−0.066%	−0.078%	−0.133%	−0.249%
Aster0.120629	0.654%	0.563%	0.224%	—	−0.181%	−0.197%	−0.240%	−0.248%	−0.260%	−0.314%	−0.431%
Variational0.120899	0.430%	0.340%	—	−0.224%	−0.405%	−0.420%	−0.463%	−0.471%	−0.483%	−0.538%	−0.654%
Lighter RH0.12131	0.091%	—	−0.340%	−0.563%	−0.745%	−0.760%	−0.803%	−0.811%	−0.823%	−0.878%	−0.994%
Lighter0.12142	—	−0.091%	−0.430%	−0.654%	−0.835%	−0.851%	−0.893%	−0.902%	−0.913%	−0.968%	−1.08%

All quotes (11)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.120629	0.120629	mark	7m	$265k	no FX
BybitCEX	0.12025	0.12025	mark	7m	$7.8M	no FX
Extended	0.120391	0.120391	mark	7m	$49k
GateCEX	0.12034	0.12034	mark	7m	$533k	no FX
Hyperliquid	0.12041	0.12041	mark	7m	$5.6M
Lighter	0.12142	0.12142	mark	7m	$1.0M
MEXCCEX	0.12011	0.12011	mark	5m	$286k	no FX
Nado	0.120316	0.120316	mark	7m	$30k	no FX
Polymarket	0.12033	0.12033	mark	7m	$326k
Lighter RH	0.12131	0.12131	mark	7m	$518k
Variational	0.120899	0.120899	mark	7m	$651k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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