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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Binance+0.069%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05608	0.0100	pay 0.0050% / 4h	1h 41m	$2.3M	$6.9M	50x
Short	BingX POPCAT-USDT	0.05612	0.0100	get 0.0050% / 4h	1h 41m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: −$87.91
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$101
Costs to cover: 1.079%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 11 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, 13 min ago	2.69 bp	25.8 bp −$26	81.1 bp −$811	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	6.26 bp	28.9 bp −$29	59.3 bp −$593	509.0 bp −$50.9K	798.3 bp −$399.2K

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	−0.4257%	1h	0.05514	−1.678%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05605	−0.064%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0057%	4h	0.05593	−0.271%	$508K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05603	−0.091%	$101K	$51K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05608	long leg	$2.3M	$6.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05604	−0.074%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05601	−0.127%	$692K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05610	+0.033%	$448K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05609	+0.016%	$1.8M	$952K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05613	+0.087%	$1.1M	$986K	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	0.05610	+0.033%	$1.2M	$936K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05612	+0.069%	—	$6.7M	—
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05617	+0.159%	$251K	$495K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05600	−0.145%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05602	−0.109%	$95K	$529K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0296%	1h	0.05600	−0.136%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05610	+0.033%	$123K	$324K	50x	as long as short
Hyperliquid POPCAT	+0.1044%	1h	0.05611	+0.058%	$2.6M	$998K	3x	as long as short