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: Gate against Bitget+0.176%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$385as in the Funding arb table

Net, price: spread back to 7d avg − costs−$361as in the Price arb table

costs, in and out, $10k−$3853.846% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.176%, 7d avg −0.059%

Together, before fees−0.254%−$25 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: Gate is 0.235% dearer against Bitget than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05669	0.0100	pay 0.0050% / 4h	34m 33s	$1.2M	$912K	50x
Short	Gate POPCAT_USDT	0.05679	0.0100	get 0.0050% / 4h	34m 33s	$434K	$643K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → −0.059%: $23.53
Slippage, 4 orders: −$357.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$361.04
Costs to cover: 3.846%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 42 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	9.79 bp	51.0 bp −$51	170.6 bp −$1,706	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	1.82 bp	109.5 bp −$109	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	−0.4208%	1h	0.05594	−1.323%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0967%	1h	0.05620	−0.862%	$150K	$131K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05671	+0.038%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05678	+0.159%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05673	+0.069%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05662	−0.123%	$9.0M	$6.0M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05668	−0.018%	$709K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05679	+0.176%	$434K	$643K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05673	+0.071%	$1.9M	$935K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05672	+0.053%	$1.1M	$984K	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	0.05669	long leg	$1.2M	$912K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05665	−0.071%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05618	−0.893%	$512K	$178K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	−0.512%	$23K	$646K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05669	−0.004%	$100K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0196%	4h	0.05640	−0.512%	$246K	$481K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05624	−0.794%	$124K	$291K	50x	as long as short
Hyperliquid POPCAT	+0.0573%	1h	0.05686	+0.298%	$2.6M	$1.0M	3x	as long as short