Cave horizons are an indicator of recognizing multiple karst cycles, and a linkage between karst cycles and sedimentary sequences and cycles of sea level change. Based on the principle that caves develop along the water table in a condensed carbonate land, cave horizons are correlated and caves identified from wells are reconstructed in paleogeomorphic sections. The order of cave horizons is deduced with evidence from the study of geological conditions of paleokarst and inner cave sediments configuration. A correlation of cave horizons across different carbonate lands in this basin is made in accordance with the relationship between synchronous beds and cave horizons in time and space. A systematic model is introduced for interpreting the differences of caves developed on island, near shore and inland of slopes. The results of this study indicate that three cave horizons were developed in the Lower to Middle Ordovician in the Tabei, Tazhong and Hotan uplifts during the Early Hercynian. Younger upward, they are developed during the intermissive rising of sea level in the Early Carboniferous. Their synchronous beds correspond to the Donghe sandstones, bioclastic limestones and lower mudstones (the highstand systems tracts of three sedimentary sequences in the Early Carboniferous). The multicyclic "collapsed breccias interbedded with underflow sediments" were caused by the rising of underflow surface posterior to the rising of water table in the inland of basin marginal slope, which is caused by abrupt rising of sea level. The relationship between the synchronous beds and the cave horizons in time and space is significant in dating paleokarst events and predicating cave horizons.