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: OKX against Bitget+0.018%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1501.505% of the position

Long on Bitget Short on OKX

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)−0.028%−$3 · spread now +0.018%, 7d avg −0.019%

Together, before fees−0.028%−$3 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: OKX is 0.037% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05492	0.0100	pay 0.0050% / 4h	2h 33m	$1.1M	$884K	50x
Short	OKX POPCAT-USDT-SWAP	0.05493	0.0100	get 0.0050% / 4h	2h 33m	$675K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.019%: $3.72
Slippage, 4 orders: −$128.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$146.73
Costs to cover: 1.505%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	5.47 bp	39.9 bp −$40	116.9 bp −$1,169	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.82 bp	49.1 bp −$49	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	−0.4569%	1h	0.05428	−1.165%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1070%	1h	0.05479	−0.245%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05495	+0.051%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05494	+0.036%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05496	+0.073%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05491	−0.018%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05493	+0.018%	$675K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.036%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05494	+0.036%	$1.9M	$913K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05490	−0.036%	$1.1M	$992K	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	0.05492	long leg	$1.1M	$884K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05492	0.000%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05480	−0.213%	$501K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.107%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	−0.036%	$22K	$642K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05493	+0.016%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05501	+0.164%	$124K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.1413%	1h	0.05507	+0.273%	$2.5M	$1.1M	3x	as long as short