Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.028%

Price spread now: BloFin against ApeX Omni+0.808%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.772%−$77 · spread now +0.808%, 7d avg +0.008%

Together, before fees−0.745%−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.800% dearer against ApeX Omni than usual: you sell high and buy low: +$80 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05570	0.0100	pay 0.0013% / 1h	47m 36s	$23K	$647K	25x
Short	BloFin POPCAT-USDT	0.05615	0.0340	get 0.0170% / 4h	47m 36s	$124K	$290K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.808%Rate

Funding earned: $50.4
Price spread: +0.808% → +0.008%: $79.96
Slippage, 4 orders: −$95.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.1
Costs to cover: 1.173%
Break-even: 5.2 days

Slippage from ApeX Omni: live order book, 30 min ago; BloFin: live order book, 24 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, 30 min ago	18.18 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	1.82 bp	23.2 bp −$23	51.2 bp −$512	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	0.05558	−0.215%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0968%	1h	0.05616	+0.834%	$149K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05634	+1.140%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05626	+1.005%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05622	+0.941%	$2.4M	$6.4M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05610	+0.718%	$8.9M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05618	+0.862%	$703K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	+0.898%	$430K	$634K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05619	+0.880%	$1.9M	$926K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05620	+0.898%	$1.1M	$983K	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	0.05611	+0.736%	$1.2M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05611	+0.736%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05550	−0.363%	$510K	$175K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05570	long leg	$23K	$647K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05617	+0.852%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0212%	4h	0.05642	+1.293%	$249K	$468K	10x	as long as short
BloFin POPCAT-USDTshort	+0.0340%	4h	0.05615	+0.808%	$124K	$290K	50x
Hyperliquid POPCAT	+0.0616%	1h	0.05633	+1.136%	$2.6M	$999K	3x	as long as short