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 0.000%

Price spread now: Bitget against BingX+0.146%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2162.156% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.075%−$8 · spread now +0.146%, 7d avg +0.041%

Together, before fees−0.075%−$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: Bitget is 0.105% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDC	0.05492	0.0100	pay 0.0050% / 4h	1h 54m	—	$1.6M	—
Short	Bitget POPCATUSDT	0.05500	0.0100	get 0.0050% / 4h	1h 54m	$1.2M	$885K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → +0.041%: $10.49
Slippage, 4 orders: −$193.62
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$205.12
Costs to cover: 2.156%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	13.73 bp	73.2 bp −$73	249.0 bp −$2,490	355.9 bp −$35.6K	759.5 bp −$379.7K
Sell Bitget live order book, 1 min ago	6.38 bp	31.7 bp −$32	80.1 bp −$801	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	−0.3374%	1h	0.05417	−1.366%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0933%	1h	0.05475	−0.308%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05494	+0.043%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05499	+0.127%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05506	+0.255%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05489	−0.055%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05496	+0.073%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.036%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05501	+0.164%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05494	+0.036%	$1.1M	$996K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05500	+0.146%	$1.2M	$885K	50x
BingX POPCAT-USDClong	+0.0100%	4h	0.05492	long leg	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05475	−0.318%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05479	−0.233%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05470	−0.401%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05495	+0.052%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05487	−0.091%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1222%	1h	0.05509	+0.304%	$2.5M	$1.1M	3x	as long as short