Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%

Price spread now: KuCoin against ApeX Omni−0.226%97s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$433as 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−$4544.545% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.226%, 7d avg +0.019%

Together, before fees+0.077%+$8 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: KuCoin is 0.245% cheaper against ApeX Omni than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 97 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	0.05750	0.0100	pay 0.0013% / 1h	53m 54s	$22K	$661K	25x
Short	KuCoin POPCATUSDTM	0.05737	0.0100	get 0.0050% / 4h	1h 53m	$1.1M	$801K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.226%Rate

Funding earned: $0
Price spread: −0.226% → +0.019%: −$24.48
Slippage, 4 orders: −$432.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$478.97
Costs to cover: 4.545%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; KuCoin: live order book, 4 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	17.42 bp	36.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.57 bp	183.5 bp −$184	748.8 bp −$7,488	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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
Kraken Futures PF_POPCATUSD	−0.1165%	1h	0.05726	−0.411%	$153K	$122K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05734	−0.272%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0028%	4h	0.05733	−0.295%	$488K	$140K	—	as long as short
Injective POPCAT/USDC PERP	+0.0033%	1h	0.05670	−1.391%	$3K	$2K	5.5x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05730	−0.348%	$97K	$53K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05732	−0.313%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05726	−0.417%	$9.1M	$6.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05728	−0.383%	$693K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05731	−0.330%	$430K	$468K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05734	−0.278%	$1.8M	$968K	200x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05737	−0.226%	$1.1M	$801K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05733	−0.296%	$1.2M	$796K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05741	−0.157%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05750	long leg	$22K	$661K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05727	−0.394%	$93K	$748K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0118%	4h	0.05761	+0.198%	$263K	$455K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05753	+0.052%	$132K	$297K	50x	as long as short
Hyperliquid POPCAT	+0.0517%	1h	0.05740	−0.181%	$2.7M	$1.3M	3x	as long as short