Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: GRVT against ApeX Omni+0.036%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2162.158% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now +0.036%, 7d avg +0.097%

Together, before fees+0.233%+ Points / potential airdropGRVT: Active · farm board+$23 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: GRVT is 0.061% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05520	0.0100	pay 0.0013% / 1h	34m 13s	$22K	$647K	25x
Short	GRVT POPCAT_USDT_Perp	0.05522	0.0100	get 0.0050% / 4h	1h 34m	$244K	$490K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.097%: −$6.08
Slippage, 4 orders: −$196.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$221.9
Costs to cover: 2.158%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; GRVT: live order book, 48 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, 49 min ago	27.20 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 48 min ago	5.43 bp	77.8 bp −$78	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	−0.3374%	1h	0.05443	−1.395%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0933%	1h	0.05479	−0.741%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05496	−0.428%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05502	−0.326%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05502	−0.324%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05495	−0.453%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05500	−0.362%	$681K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.543%	$431K	$672K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05502	−0.326%	$1.9M	$924K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05502	−0.326%	$1.1M	$997K	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	0.05500	−0.362%	$1.2M	$887K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05498	−0.399%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05502	−0.328%	$506K	$175K	—	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0100%	4h	0.05522	+0.036%	$244K	$490K	10x
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05520	long leg	$22K	$647K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05502	−0.330%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05510	−0.181%	$122K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.0731%	1h	0.05514	−0.118%	$2.5M	$1.1M	3x	as long as short