Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.087%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2632.631% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.087%−$9 · spread now +0.087%, 7d avg +0.011%

Together, before fees−0.087%−$9 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: OKX is 0.076% dearer against BingX than usual: you sell high and buy low, +$8 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	0.05725	0.0100	pay 0.0050% / 4h	3h 58m	—	$1.6M	—
Short	OKX POPCAT-USDT-SWAP	0.05730	0.0100	get 0.0050% / 4h	3h 58m	$695K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.011%: $7.6
Slippage, 4 orders: −$243.09
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$255.49
Costs to cover: 2.631%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	13.08 bp	97.4 bp −$97	230.9 bp −$2,309	342.8 bp −$34.3K	762.4 bp −$381.2K
Sell OKX live order book, 3 min ago	6.97 bp	37.0 bp −$37	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	−0.4200%	1h	0.05687	−0.664%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1107%	1h	0.05723	−0.031%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05727	+0.035%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05726	+0.017%	$100K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05734	+0.154%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05733	+0.137%	$2.6M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05720	−0.087%	$9.1M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05730	+0.087%	$695K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05721	−0.070%	$437K	$447K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05731	+0.105%	$1.9M	$1.0M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05729	+0.070%	$1.1M	$860K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05729	+0.070%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDClong	+0.0100%	4h	0.05725	long leg	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05716	−0.162%	$485K	$180K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	+0.262%	$22K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05730	+0.080%	$93K	$745K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0138%	4h	0.05744	+0.329%	$259K	$480K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05732	+0.122%	$132K	$342K	50x	as long as short