POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h −0.014%

Price spread now: GRVT against Bitget+0.348%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2122.119% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.348%, 7d avg +0.137%

Together, before fees+0.053%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.212% dearer against Bitget than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05661	0.0100	pay 0.0050% / 4h	31m 05s	$1.2M	$915K	50x
Short	GRVT POPCAT_USDT_Perp	0.05681	0.0182	get 0.0091% / 4h	31m 05s	$258K	$494K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.348%Rate

Funding earned: $17.22
Price spread: +0.348% → +0.137%: $21.15
Slippage, 4 orders: −$190.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$173.52
Costs to cover: 2.119%
Break-even: 77.5 days

Slippage from Bitget: live order book, 5 min ago; GRVT: live order book, 47 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	9.79 bp	51.0 bp −$51	170.6 bp −$1,706	doesn't fit	doesn't fit
Sell GRVT live order book, 47 min ago	8.18 bp	51.6 bp −$52	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	0.05563	−1.731%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0960%	1h	0.05665	+0.066%	$148K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05664	+0.050%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05664	+0.053%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05669	+0.141%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05652	−0.159%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05665	+0.071%	$708K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05656	−0.088%	$432K	$644K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05669	+0.141%	$1.9M	$935K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05658	−0.053%	$1.1M	$988K	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	0.05661	long leg	$1.2M	$915K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05660	−0.018%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05652	−0.153%	$514K	$178K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05670	+0.159%	$23K	$646K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05662	+0.022%	$100K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0182%	4h	0.05681	+0.348%	$258K	$494K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05684	+0.406%	$126K	$297K	50x	as long as short
Hyperliquid POPCAT	+0.0495%	1h	0.05675	+0.247%	$2.6M	$1.0M	3x	as long as short