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: Gate against Binance−0.053%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$3473.473% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.053%, 7d avg −0.093%

Together, before fees−0.083%−$8 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: Gate is 0.040% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05659	0.0100	pay 0.0050% / 4h	30m 42s	$2.4M	$6.6M	50x
Short	Gate POPCAT_USDT	0.05656	0.0100	get 0.0050% / 4h	30m 42s	$432K	$644K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.093%: $4.02
Slippage, 4 orders: −$322.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$343.31
Costs to cover: 3.473%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Gate: live order book, 46 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, 8 min ago	4.43 bp	29.5 bp −$30	98.9 bp −$989	doesn't fit	doesn't fit
Sell Gate live order book, 46 min ago	1.82 bp	109.5 bp −$109	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	−0.4208%	1h	0.05563	−1.696%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0960%	1h	0.05665	+0.101%	$148K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05664	+0.085%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05659	0.000%	$102K	$46K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05659	long leg	$2.4M	$6.6M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05651	−0.141%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05665	+0.106%	$708K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05656	−0.053%	$432K	$644K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05669	+0.177%	$1.9M	$935K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05657	−0.035%	$1.1M	$988K	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	0.05660	+0.018%	$1.2M	$915K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05660	+0.018%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05652	−0.118%	$514K	$178K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05670	+0.194%	$23K	$646K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05664	+0.080%	$100K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0182%	4h	0.05681	+0.384%	$258K	$494K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05684	+0.442%	$126K	$297K	50x	as long as short
Hyperliquid POPCAT	+0.0490%	1h	0.05675	+0.288%	$2.6M	$1.0M	3x	as long as short