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 +0.115%

Price spread now: KuCoin against Binance+0.160%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$383as in the Funding arb table

Net, price: spread back to 7d avg − costs−$389as in the Price arb table

costs, in and out, $10k−$4054.047% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 7 days−0.171%−$17 · spread now +0.160%, 7d avg +0.005%

Together, before fees+0.046%+$5 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: KuCoin is 0.155% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.005%.

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	41m 50s	$2.4M	$6.9M	50x
Short	KuCoin POPCATUSDTM	0.05617	0.0100	get 0.0050% / 4h	41m 50s	$1.1M	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.005%: $15.53
Slippage, 4 orders: −$382.73
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$389.2
Costs to cover: 4.047%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 3 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, 12 min ago	2.67 bp	23.6 bp −$24	83.6 bp −$836	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.24 bp	165.0 bp −$165	831.7 bp −$8,317	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	−0.4247%	1h	0.05526	−1.462%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05610	+0.036%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0111%	4h	0.05584	−0.429%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05606	−0.036%	$101K	$51K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05608	long leg	$2.4M	$6.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05600	−0.143%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05606	−0.036%	$694K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05610	+0.036%	$444K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05613	+0.089%	$1.8M	$959K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05617	+0.160%	$1.1M	$982K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05608	0.000%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05604	−0.071%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	−0.321%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05607	−0.013%	$95K	$530K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05605	−0.054%	$247K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05599	−0.160%	$126K	$324K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0578%	1h	0.05602	−0.101%	$150K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.1290%	1h	0.05620	+0.221%	$2.6M	$1.0M	3x	as long as short