Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni+0.107%79s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.374% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.107%, 7d avg −0.003%

Together, before fees−0.199%−$20 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: Binance is 0.110% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05620	0.0100	pay 0.0013% / 1h	2m 10s	$23K	$649K	25x
Short	Binance POPCATUSDT	0.05626	0.0100	get 0.0050% / 4h	2m 10s	$2.3M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → −0.003%: $11
Slippage, 4 orders: −$117.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.4
Costs to cover: 1.374%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; Binance: live order book, 6 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 ApeX Omni live order book, 11 min ago	26.67 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.66 bp	23.9 bp −$24	80.0 bp −$800	doesn't fit	doesn't fit

POPCAT on 18 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
Injective POPCAT/USDC PERP	−0.4208%	1h	0.05563	−1.014%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0967%	1h	0.05624	+0.066%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05620	−0.005%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05623	+0.053%	$101K	$46K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05626	+0.107%	$2.3M	$6.6M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05611	−0.160%	$8.9M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05619	−0.018%	$700K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	0.000%	$429K	$645K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05625	+0.089%	$1.8M	$942K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05623	+0.053%	$1.1M	$986K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05620	0.000%	$1.2M	$926K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05618	−0.036%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05602	−0.316%	$510K	$172K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05620	long leg	$23K	$649K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05618	−0.028%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0132%	4h	0.05630	+0.179%	$245K	$493K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05623	+0.053%	$125K	$294K	50x	as long as short
Hyperliquid POPCAT	+0.0659%	1h	0.05633	+0.231%	$2.6M	$1.0M	3x	as long as short