Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.462%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1401.399% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.729%−$73 · spread now +0.462%, 7d avg −0.030%

Together, before fees−0.729%−$73 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: Bitget is 0.492% dearer against ApeX Omni than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05630	0.0100	pay 0.0013% / 1h	1m 00s	$22K	$652K	25x
Short	Bitget POPCATUSDT	0.05656	0.0100	get 0.0050% / 4h	1m 00s	$1.2M	$938K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.462%Rate

Funding earned: $0
Price spread: +0.462% → −0.030%: $49.22
Slippage, 4 orders: −$117.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.66
Costs to cover: 1.399%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; Bitget: live order book, 5 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, 57 min ago	17.89 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.14 bp	29.6 bp −$30	113.0 bp −$1,130	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	−0.4247%	1h	0.05563	−1.190%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05652	+0.388%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0063%	4h	0.05641	+0.196%	$509K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05653	+0.409%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05656	+0.462%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05642	+0.213%	$8.9M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05658	+0.497%	$698K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05652	+0.391%	$445K	$637K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05657	+0.480%	$1.8M	$971K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05656	+0.462%	$1.1M	$979K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05656	+0.462%	$1.2M	$938K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05651	+0.373%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05630	long leg	$22K	$652K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05651	+0.377%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0156%	4h	0.05637	+0.121%	$251K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05625	−0.089%	$126K	$327K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0573%	1h	0.05653	+0.413%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1088%	1h	0.05665	+0.623%	$2.6M	$1.0M	3x	as long as short