Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.201%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1921.922% of the position

Long on BingX Short on Binance

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−0.107%−$11 · spread now +0.201%, 7d avg +0.080%

Together, before fees−0.106%−$11 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: Binance is 0.121% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDC	0.05701	0.0100	pay 0.0050% / 4h	3h 31m	—	$1.6M	—
Short	Binance POPCATUSDT	0.05712	0.0100	get 0.0050% / 4h	3h 31m	$2.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.080%: $12.07
Slippage, 4 orders: −$172.19
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$180.12
Costs to cover: 1.922%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Binance: live order book, 7 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 BingX live order book, 15 min ago	13.23 bp	70.9 bp −$71	302.9 bp −$3,029	451.2 bp −$45.1K	873.8 bp −$436.9K
Sell Binance live order book, 7 min ago	3.53 bp	21.9 bp −$22	74.5 bp −$745	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	−2.140%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05705	+0.066%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0072%	4h	0.05672	−0.517%	$511K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05697	−0.070%	$102K	$56K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05712	+0.201%	$2.5M	$7.2M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05696	−0.088%	$9.0M	$6.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05707	+0.105%	$701K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05710	+0.158%	$447K	$633K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05708	+0.123%	$1.8M	$991K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05699	−0.035%	$1.1M	$982K	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	0.05706	+0.088%	$1.2M	$942K	50x	as long as short
BingX POPCAT-USDClong	+0.0100%	4h	0.05701	long leg	—	$1.6M	—
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05706	+0.089%	$254K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05700	−0.018%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05703	+0.041%	$98K	$526K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05690	−0.193%	$130K	$330K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0505%	1h	0.05693	−0.138%	$152K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.0609%	1h	0.05713	+0.219%	$2.7M	$1.0M	3x	as long as short