Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.012%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1641.645% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.012%, 7d avg −0.042%

Together, before fees−0.110%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.030% dearer against Bitget than usual: you sell high and buy low, +$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	0.05498	0.0100	pay 0.0050% / 4h	1h 53m	$1.2M	$885K	50x
Short	Extended POPCAT-USD	0.05497	0.0104	get 0.0013% / 1h	53m 51s	$97K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.042%: $2.98
Slippage, 4 orders: −$147.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$160.66
Costs to cover: 1.645%
Break-even: 1345.8 days

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 29 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, 2 min ago	6.38 bp	27.1 bp −$27	110.3 bp −$1,103	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	2.72 bp	62.5 bp −$63	382.7 bp −$3,827	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	−1.473%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0934%	1h	0.05474	−0.439%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05497	−0.012%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05499	+0.018%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05503	+0.091%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05492	−0.109%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05496	−0.036%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.146%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05502	+0.073%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05499	+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 POPCATUSDTlong	+0.0100%	4h	0.05498	long leg	$1.2M	$885K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05494	−0.073%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05475	−0.427%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05479	−0.342%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05470	−0.509%	$22K	$645K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05497	−0.012%	$97K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05487	−0.200%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1176%	1h	0.05511	+0.229%	$2.5M	$1.1M	3x	as long as short