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: Gate against BingX−0.055%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$425as in the Funding arb table

Net, price: spread back to 7d avg − costs−$430as in the Price arb table

costs, in and out, $10k−$4254.254% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.055%, 7d avg −0.011%

Together, before fees+0.006%+$1 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: Gate is 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.

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 17m	—	$1.6M	—
Short	Gate POPCAT_USDT	0.05489	0.0100	get 0.0050% / 4h	1h 17m	$432K	$674K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.011%: −$4.34
Slippage, 4 orders: −$400.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$429.79
Costs to cover: 4.254%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Gate: live order book, 64 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, 5 min ago	12.73 bp	76.2 bp −$76	274.2 bp −$2,742	426.3 bp −$42.6K	865.0 bp −$432.5K
Sell Gate live order book, 64 min ago	8.17 bp	85.6 bp −$86	doesn't fit	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	0.05443	−0.892%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0933%	1h	0.05480	−0.225%	$143K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05493	+0.023%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05495	+0.055%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05499	+0.130%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05487	−0.091%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05493	+0.018%	$682K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05489	−0.055%	$432K	$674K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05498	+0.109%	$1.9M	$926K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05491	−0.018%	$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 POPCATUSDT	+0.0100%	4h	0.05493	+0.018%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDClong	+0.0100%	4h	0.05492	long leg	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05488	−0.067%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05504	+0.217%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.146%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05493	+0.017%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05504	+0.218%	$123K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.0836%	1h	0.05506	+0.251%	$2.5M	$1.1M	3x	as long as short