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: OKX against ApeX Omni+0.286%80s7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as 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−$1501.496% of the position

Long on ApeX Omni Short on OKX

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)−0.573%−$57 · spread now +0.286%, 7d avg −0.052%

Together, before fees−0.573%−$57 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: OKX is 0.338% dearer against ApeX Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 80 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	0.05590	0.0100	pay 0.0013% / 1h	42m 14s	$22K	$653K	25x
Short	OKX POPCAT-USDT-SWAP	0.05606	0.0100	get 0.0050% / 4h	42m 14s	$694K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.286%Rate

Funding earned: $0
Price spread: +0.286% → −0.052%: $33.83
Slippage, 4 orders: −$129.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$115.75
Costs to cover: 1.496%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; OKX: 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, 16 min ago	17.89 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.58 bp	36.6 bp −$37	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	−0.4247%	1h	0.05526	−1.145%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05610	+0.358%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0111%	4h	0.05584	−0.108%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05606	+0.286%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05615	+0.447%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05601	+0.197%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05606	+0.286%	$694K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05610	+0.358%	$444K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05610	+0.358%	$1.8M	$959K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05608	+0.322%	$1.1M	$982K	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	0.05608	+0.322%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05603	+0.233%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05590	long leg	$22K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05607	+0.300%	$95K	$530K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05605	+0.268%	$247K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05599	+0.161%	$126K	$324K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0578%	1h	0.05602	+0.220%	$150K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.1296%	1h	0.05625	+0.628%	$2.6M	$1.0M	3x	as long as short