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 −0.002%

Price spread now: Bybit against BingX−0.142%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.142%, 7d avg −0.084%

Together, before fees+0.040%+$4 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: Bybit is 0.058% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDT	0.05648	0.0100	pay 0.0050% / 4h	3h 40m	—	$6.8M	—
Short	Bybit POPCATUSDT	0.05640	0.0100	get 0.0050% / 4h	3h 40m	$9.0M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.084%: −$5.8
Slippage, 4 orders: −$85.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.08
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago	6.21 bp	25.9 bp −$26	61.7 bp −$617	552.4 bp −$55.2K	767.5 bp −$383.7K
Sell Bybit live order book, 2 min ago	3.54 bp	27.6 bp −$28	99.5 bp −$995	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	−0.4945%	1h	0.05301	−6.144%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0393%	1h	0.05649	+0.014%	$151K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05648	+0.002%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05652	+0.071%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05654	+0.114%	$2.4M	$6.7M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05640	−0.142%	$9.0M	$6.1M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05650	+0.035%	$703K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05650	+0.035%	$456K	$647K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05654	+0.106%	$1.9M	$942K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05655	+0.124%	$1.1M	$987K	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	0.05649	+0.018%	$1.2M	$931K	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05648	long leg	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05636	−0.219%	$512K	$169K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	−0.142%	$23K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05649	+0.014%	$97K	$552K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05654	+0.106%	$124K	$297K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0648%	4h	0.05673	+0.443%	$254K	$493K	10x	as long as short
Hyperliquid POPCAT	+0.1113%	1h	0.05665	+0.305%	$2.6M	$1.0M	3x	as long as short