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 0.000%

Price spread now: MEXC against Binance−0.030%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.030%, 7d avg −0.006%

Together, before fees+0.020%+$2 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: MEXC is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05595	0.0100	pay 0.0050% / 4h	2h 23m	$2.3M	$6.8M	50x
Short	MEXC POPCAT_USDT	0.05593	0.0100	get 0.0050% / 4h	2h 23m	$1.8M	$970K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.006%: −$2.41
Slippage, 4 orders: −$66.11
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$82.52
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: 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, 15 min ago	4.47 bp	24.8 bp −$25	93.3 bp −$933	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	5.35 bp	14.6 bp −$15	58.4 bp −$584	131.3 bp −$13.1K	264.9 bp −$132.5K

POPCAT on 17 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	−0.5000%	1h	0.05524	−1.264%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05591	−0.073%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0028%	4h	0.05595	−0.002%	$507K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05593	−0.030%	$100K	$52K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05595	long leg	$2.3M	$6.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05583	−0.209%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05587	−0.138%	$691K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05590	−0.084%	$445K	$636K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05593	−0.030%	$1.8M	$970K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05593	−0.030%	$1.1M	$990K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05596	+0.023%	$1.2M	$941K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05589	−0.102%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05616	+0.389%	$252K	$486K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	+0.452%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05591	−0.070%	$98K	$524K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0637%	1h	0.05595	+0.003%	$150K	$149K	20x	as long as short
Hyperliquid POPCAT	+0.1075%	1h	0.05604	+0.157%	$2.6M	$999K	3x	as long as short