Funding you earn now, next payment 23:00 UTC−0.1033%/8h= −113.1% APRpaid last 24h −0.010%
Price spread now: Kraken Futures against Bitget−0.191%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1741.740% of the position
Funding, last 7 days−0.489%−$49 on $10k
+Price spread, last 3 days (all we have)−0.960%−$96 · spread now −0.191%, 7d avg −0.144%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Kraken Futures is 0.047% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.144%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.489% in total (about -25.5% a year). A funding rate is set anew for every payment. 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 | 0.05489 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $1.1M | $893K | 50x |
| Short | Kraken Futures PF_POPCATUSD | 0.05478 | −0.0933 | pay 0.0117% / 1h | 8m 52s | $143K | $118K | 20x |
Bitget POPCATUSDT
Kraken Futures PF_POPCATUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$216.91
- Price spread: −0.191% → −0.144%
- −$4.7
- Slippage, 4 orders
- −$151.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$395.58
- Costs to cover
- 1.740%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 8 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 | 3.64 bp | 32.0 bp −$32 | 108.3 bp −$1,083 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 24.60 bp | 74.0 bp −$74 | 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 | −0.3374% | 1h | 0.05443 | −0.838% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDshort | −0.0933% | 1h | 0.05478 | −0.191% | $143K | $118K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05491 | +0.032% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05491 | +0.036% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05497 | +0.146% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05483 | −0.109% | $8.8M | $5.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05490 | +0.018% | $681K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05486 | −0.055% | $432K | $674K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05495 | +0.109% | $1.9M | $929K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05490 | +0.018% | $1.1M | $982K | 50x | as long as short |
Injective POPCAT/USDC PERP
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 | 0.05489 | long leg | $1.1M | $893K | 50x | |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05489 | 0.000% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05478 | −0.196% | $504K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05503 | +0.255% | $243K | $468K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05500 | +0.200% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05491 | +0.039% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05496 | +0.128% | $123K | $283K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0885% | 1h | 0.05504 | +0.273% | $2.5M | $1.1M | 3x | as long as short |
BingX POPCAT-USDC
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT