Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.149%
Price spread now: Lighter against Bitget+0.036%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$880.880% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.420%+$42 on $10k
Price spread, last 4 days (all we have)+0.316%+$32 · spread now +0.036%, 7d avg +0.052%
Together, before fees+0.736%+ Points / potential airdropLighter: Season 3 · farm board+$74 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POPCATUSDT0.055140.0100pay 0.0050% / 4h1h 43m$1.2M$885K50x
ShortLighter POPCAT0.055160.0096get 0.0012% / 1h43m 22s$100K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: +0.036% → +0.052%
−$1.57
Slippage, 4 orders
−$75.98
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$90.4
Costs to cover
0.880%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago6.36 bp31.1 bp −$31112.3 bp −$1,123doesn't fitdoesn't fit
Sell Lighter live order book, 29 min ago10.02 bp11.3 bp −$11392.8 bp −$3,928doesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.3374%1h0.05417−1.759%$3K$2K5.5xas long as short
Kraken Futures PF_POPCATUSD−0.0928%1h0.05507−0.124%$141K$114K20xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05521+0.124%$110xas long as short
Lighter POPCATshort+0.0096%1h0.05516+0.036%$100K$45K10x
Binance POPCATUSDT+0.0100%4h0.05522+0.145%$2.3M$6.3M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05509−0.091%$8.8M$5.8M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05518+0.073%$679K$1.4M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05510−0.073%$418K$649K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05523+0.163%$1.9M$920K200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05518+0.073%$1.1M$996K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDTlong+0.0100%4h0.05514long leg$1.2M$885K50x
BingX POPCAT-USDC+0.0100%4h0.05513−0.018%$1.6Mas long as short
Variational Omni POPCAT+0.0100%4h0.05487−0.481%$504K$175Kas long as short
GRVT POPCAT_USDT_Perp+0.0100%4h0.05518+0.074%$245K$480K10xas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05500−0.254%$22K$646K25xas long as short
Extended POPCAT-USD+0.0104%1h0.05519+0.098%$97K$440K10xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05503−0.199%$123K$284K50xas long as short
Hyperliquid POPCAT+0.0813%1h0.05533+0.346%$2.6M$1.1M3xas long as short