Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Bitget+0.141%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.141%, 7d avg +0.033%

Together, before fees−0.035%−$4 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: MEXC is 0.108% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05662	0.0100	pay 0.0050% / 4h	3h 39m	$1.2M	$931K	50x
Short	MEXC POPCAT_USDT	0.05670	0.0100	get 0.0050% / 4h	3h 39m	$1.9M	$942K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.033%: $10.82
Slippage, 4 orders: −$83.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.86
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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	7.96 bp	42.3 bp −$42	108.9 bp −$1,089	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	7.08 bp	15.0 bp −$15	63.6 bp −$636	145.7 bp −$14.6K	270.5 bp −$135.2K

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	−0.4945%	1h	0.05301	−6.376%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0393%	1h	0.05661	−0.022%	$151K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05665	+0.047%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05662	0.000%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05663	+0.018%	$2.4M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05654	−0.141%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05664	+0.035%	$705K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05664	+0.035%	$457K	$647K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05670	+0.141%	$1.9M	$942K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05668	+0.106%	$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	0.05662	long leg	$1.2M	$931K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05660	−0.035%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05636	−0.466%	$512K	$169K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	−0.035%	$23K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05661	−0.025%	$97K	$530K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05666	+0.071%	$125K	$298K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0648%	4h	0.05673	+0.194%	$254K	$493K	10x	as long as short
Hyperliquid POPCAT	+0.1154%	1h	0.05682	+0.355%	$2.6M	$1.0M	3x	as long as short