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 +0.001%

Price spread now: Binance against Bitget+0.014%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1351.348% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.187%+$19 · spread now +0.014%, 7d avg +0.042%

Together, before fees+0.188%+$19 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: Binance is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05596	0.0100	pay 0.0050% / 4h	2h 08m	$1.2M	$939K	50x
Short	Binance POPCATUSDT	0.05597	0.0100	get 0.0050% / 4h	2h 08m	$2.3M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.042%: −$2.8
Slippage, 4 orders: −$112.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$137.61
Costs to cover: 1.348%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 15 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 Bitget live order book, 3 min ago	8.04 bp	37.6 bp −$38	198.9 bp −$1,989	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.79 bp	26.3 bp −$26	73.4 bp −$734	doesn't fit	doesn't fit

POPCAT on 17 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	−0.5000%	1h	0.05524	−1.287%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05594	−0.039%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0018%	4h	0.05583	−0.232%	$506K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05590	−0.107%	$100K	$52K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05597	+0.014%	$2.3M	$6.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05586	−0.179%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05594	−0.036%	$690K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05591	−0.089%	$447K	$639K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05591	−0.089%	$1.8M	$976K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05587	−0.161%	$1.1M	$991K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTlong	+0.0100%	4h	0.05596	long leg	$1.2M	$939K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05592	−0.071%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05607	+0.198%	$246K	$496K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	−0.107%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05592	−0.069%	$95K	$526K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0638%	1h	0.05583	−0.231%	$149K	$149K	20x	as long as short
Hyperliquid POPCAT	+0.1076%	1h	0.05602	+0.105%	$2.6M	$1.0M	3x	as long as short