Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Binance−0.236%59s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as 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−$1291.290% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.467%+$47 · spread now −0.236%, 7d avg +0.004%

Together, before fees+0.466%+$47 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: ApeX Omni is 0.240% cheaper against Binance than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 59 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	Binance POPCATUSDT	0.05513	0.0100	pay 0.0050% / 4h	2h 24m	$2.3M	$6.3M	50x
Short	ApeX Omni POPCATUSDT	0.05500	0.0100	get 0.0013% / 1h	24m 29s	$22K	$645K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → +0.004%: −$23.96
Slippage, 4 orders: −$108.99
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$152.95
Costs to cover: 1.290%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 63 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 Binance live order book, 14 min ago	1.82 bp	25.2 bp −$25	96.3 bp −$963	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	18.05 bp	36.8 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	−0.4569%	1h	0.05441	−1.306%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1066%	1h	0.05497	−0.294%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05509	−0.066%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05506	−0.127%	$100K	$45K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05513	long leg	$2.3M	$6.3M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05506	−0.127%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05507	−0.109%	$677K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05509	−0.073%	$418K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05508	−0.091%	$1.9M	$919K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05510	−0.054%	$1.1M	$992K	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	0.05505	−0.145%	$1.2M	$884K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05508	−0.091%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05506	−0.121%	$502K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05506	−0.119%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05500	−0.236%	$22K	$645K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05509	−0.068%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05511	−0.036%	$124K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1427%	1h	0.05519	+0.103%	$2.5M	$1.1M	3x	as long as short