Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against Binance−0.293%7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on Binance Short on Bybit

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+0.071%+$7 · spread now −0.293%, 7d avg −0.163%

Together, before fees+0.071%+$7 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: Bybit is 0.130% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05617	0.0100	pay 0.0050% / 4h	7m 27s	$2.3M	$6.6M	50x
Short	Bybit POPCATUSDT	0.05601	0.0100	get 0.0050% / 4h	7m 27s	$8.9M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.293%Rate

Funding earned: $0
Price spread: −0.293% → −0.163%: −$12.98
Slippage, 4 orders: −$88.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.33
Costs to cover: 1.094%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 6 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, 16 min ago	2.67 bp	28.4 bp −$28	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	7.13 bp	27.4 bp −$27	104.3 bp −$1,043	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	−0.4208%	1h	0.05563	−0.969%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0966%	1h	0.05625	+0.133%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05617	−0.013%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05627	+0.170%	$101K	$46K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05617	long leg	$2.3M	$6.6M	50x
Bybit POPCATUSDTshort	+0.0100%	4h	0.05601	−0.293%	$8.9M	$6.1M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05604	−0.240%	$699K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05614	−0.062%	$428K	$645K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05614	−0.062%	$1.8M	$942K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05612	−0.097%	$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	0.05622	+0.081%	$1.2M	$920K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05608	−0.168%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05613	−0.085%	$511K	$173K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.223%	$23K	$648K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05620	+0.039%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05634	+0.293%	$245K	$493K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05634	+0.294%	$125K	$295K	50x	as long as short
Hyperliquid POPCAT	+0.0616%	1h	0.05630	+0.223%	$2.6M	$1.0M	3x	as long as short