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: Bybit against Bitget−0.018%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.145%−$15 · spread now −0.018%, 7d avg −0.127%

Together, before fees−0.145%−$15 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: Bybit is 0.108% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05490	0.0100	pay 0.0050% / 4h	1h 51m	$1.1M	$885K	50x
Short	Bybit POPCATUSDT	0.05489	0.0100	get 0.0050% / 4h	1h 51m	$8.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.127%: $10.84
Slippage, 4 orders: −$84.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.11
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 2 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	6.38 bp	27.1 bp −$27	110.3 bp −$1,103	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.82 bp	25.6 bp −$26	95.4 bp −$954	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	0.05417	−1.330%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05483	−0.136%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05494	+0.080%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05493	+0.055%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05497	+0.123%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05489	−0.018%	$8.8M	$5.8M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05494	+0.073%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	0.000%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05496	+0.109%	$1.9M	$919K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05492	+0.036%	$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 POPCATUSDTlong	+0.0100%	4h	0.05490	long leg	$1.1M	$885K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05491	+0.018%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05475	−0.282%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.141%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.182%	$22K	$646K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05492	+0.039%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05503	+0.237%	$124K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0987%	1h	0.05503	+0.240%	$2.5M	$1.1M	3x	as long as short