Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.359%111s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$244as 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−$2442.445% of the position

Long on ApeX Omni Short on Gate

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)+0.146%+$15 · spread now −0.359%, 7d avg −0.079%

Together, before fees+0.146%+$15 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: Gate is 0.281% cheaper against ApeX Omni than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 111 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	0.05570	0.0100	pay 0.0013% / 1h	21m 38s	$22K	$653K	25x
Short	Gate POPCAT_USDT	0.05550	0.0100	get 0.0050% / 4h	2h 21m	$440K	$641K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.359%Rate

Funding earned: $0
Price spread: −0.359% → −0.079%: −$28.06
Slippage, 4 orders: −$219.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$272.51
Costs to cover: 2.445%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 27 min ago; Gate: live order book, 25 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, 27 min ago	26.67 bp	55.8 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	6.24 bp	105.8 bp −$106	doesn't fit	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	−0.4088%	1h	0.05458	−2.011%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05527	−0.770%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0063%	4h	0.05510	−1.085%	$467K	$175K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05537	−0.592%	$99K	$56K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05544	−0.460%	$2.6M	$1.2M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05546	−0.431%	$2.4M	$7.5M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05531	−0.700%	$8.6M	$6.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05538	−0.575%	$675K	$1.6M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05550	−0.359%	$440K	$641K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05547	−0.413%	$1.7M	$1.0M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05543	−0.485%	$1.1M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05536	−0.610%	$1.1M	$961K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05538	−0.575%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05534	−0.646%	$241K	$489K	10x	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05570	long leg	$22K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05539	−0.562%	$94K	$414K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05527	−0.772%	$126K	$323K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0418%	1h	0.05522	−0.869%	$146K	$151K	20x	as long as short