Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against Bitget+0.357%65s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1281.280% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)−0.407%−$41 · spread now +0.357%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.324% dearer against Bitget than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget POPCATUSDT | 0.05609 | 0.0100 | pay 0.0050% / 4h | 6m 08s | $1.2M | $923K | 50x |
| Short | BloFin POPCAT-USDT | 0.05629 | 0.0340 | get 0.0170% / 4h | 6m 08s | $125K | $294K | 50x |
Bitget POPCATUSDT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: +0.357% → +0.032%
- $32.43
- Slippage, 4 orders
- −$104
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.17
- Costs to cover
- 1.280%
- Break-even
- 13.3 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 1 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, 5 min ago | 7.12 bp | 47.7 bp −$48 | 190.8 bp −$1,908 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 8.01 bp | 27.7 bp −$28 | 60.8 bp −$608 | 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 | −0.4208% | 1h | 0.05563 | −0.820% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0967% | 1h | 0.05619 | +0.181% | $147K | $139K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05612 | +0.062% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05614 | +0.089% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05619 | +0.187% | $2.3M | $6.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05603 | −0.107% | $8.9M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05614 | +0.089% | $699K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05606 | −0.053% | $427K | $645K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05619 | +0.178% | $1.8M | $942K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05614 | +0.089% | $1.1M | $986K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDTlong | +0.0100% | 4h | 0.05609 | long leg | $1.2M | $923K | 50x | |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05607 | −0.036% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05602 | −0.120% | $510K | $172K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05630 | +0.374% | $23K | $648K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05612 | +0.057% | $99K | $440K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0136% | 4h | 0.05634 | +0.444% | $245K | $493K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05629 | +0.357% | $125K | $294K | 50x | |
| Hyperliquid POPCAT | +0.0631% | 1h | 0.05625 | +0.282% | $2.6M | $1.0M | 3x | as long as short |
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT