Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against Binance−0.368%101s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as 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−$1031.025% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.368%, 7d avg −0.010%
=Funding pays, the price is against you. BloFin is 0.358% cheaper against Binance than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of −0.010%). If the spread goes back, that is −$36 on $10k: about 5.0 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.035% in total) that is about 2 months. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POPCATUSDT | 0.05660 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $2.4M | $7.0M | 50x |
| Short | BloFin POPCAT-USDT | 0.05639 | 0.0340 | get 0.0170% / 4h | 3h 55m | $127K | $328K | 50x |
Binance POPCATUSDT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.368% → −0.010%
- −$35.83
- Slippage, 4 orders
- −$80.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$87.97
- Costs to cover
- 1.025%
- Break-even
- 19.2 days
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 39 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 | 2.67 bp | 24.0 bp −$24 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 12.48 bp | 26.9 bp −$27 | 68.1 bp −$681 | 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 | −0.4864% | 1h | 0.05579 | −1.428% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05632 | −0.486% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0106% | 4h | 0.05630 | −0.535% | $508K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05655 | −0.085% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDTlong | +0.0100% | 4h | 0.05660 | long leg | $2.4M | $7.0M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05654 | −0.103% | $8.9M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05668 | +0.145% | $699K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05641 | −0.332% | $445K | $629K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05651 | −0.156% | $1.8M | $962K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05648 | −0.209% | $1.1M | $978K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05650 | −0.173% | $1.2M | $936K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05636 | −0.421% | — | $6.7M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05649 | −0.191% | $252K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | −0.350% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05658 | −0.024% | $96K | $523K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05639 | −0.368% | $127K | $328K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0510% | 1h | 0.05644 | −0.284% | $150K | $145K | 20x | as long as short |
| Hyperliquid POPCAT | +0.0624% | 1h | 0.05654 | −0.097% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT