Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX−0.084%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2802.795% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.084%, 7d avg +0.010%
Together, before fees−0.070%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.093% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX POPCAT-USDC0.056120.0100pay 0.0050% / 4h1h 41m$1.6M
ShortExtended POPCAT-USD0.056070.0104get 0.0013% / 1h41m 53s$95K$529K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.084% → +0.010%
−$9.35
Slippage, 4 orders
−$264.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$288.02
Costs to cover
2.795%
Break-even
2407.2 days
Slippage from BingX: live order book, 5 min ago; Extended: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago13.44 bp64.4 bp −$64270.8 bp −$2,708483.9 bp −$48.4K950.7 bp −$475.4K
Sell Extended live order book, 21 min ago2.68 bp71.5 bp −$71402.1 bp −$4,021doesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.4257%1h0.05514−1.746%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05615+0.055%$110xas long as short
Variational Omni POPCAT−0.0055%4h0.05570−0.757%$504K$161Kas long as short
Lighter POPCAT+0.0096%1h0.05615+0.053%$101K$51K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05611−0.018%$2.3M$6.9M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05607−0.089%$8.8M$6.3M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05602−0.178%$693K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05615+0.053%$448K$635K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05616+0.071%$1.8M$952K200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05613+0.018%$1.1M$986K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.056120.000%$1.2M$936K50xas long as short
BingX POPCAT-USDClong+0.0100%4h0.05612long leg$1.6M
GRVT POPCAT_USDT_Perp+0.0100%4h0.05580−0.571%$249K$495K10xas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05590−0.392%$22K$651K25xas long as short
Extended POPCAT-USDshort+0.0104%1h0.05607−0.084%$95K$529K10x
Kraken Futures PF_POPCATUSD+0.0295%1h0.05615+0.054%$150K$146K20xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05596−0.285%$124K$324K50xas long as short
Hyperliquid POPCAT+0.1089%1h0.05622+0.175%$2.6M$998K3xas long as short