Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.050%
Price spread now: Binance against BloFin−0.337%91s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.955% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.445%+$44 · spread now −0.337%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.346% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. 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 | BloFin POPCAT-USDT | 0.05645 | 0.0340 | pay 0.0170% / 4h | 2h 55m | $130K | $328K | 50x |
| Short | Binance POPCATUSDT | 0.05626 | 0.0100 | get 0.0050% / 4h | 2h 55m | $2.5M | $7.3M | 50x |
BloFin POPCAT-USDT
Binance POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$50.4
- Price spread: −0.337% → +0.009%
- −$34.56
- Slippage, 4 orders
- −$73.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$180.48
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Binance: live order book, 13 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 BloFin live order book, 34 min ago | 2.63 bp | 26.3 bp −$26 | 56.7 bp −$567 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.66 bp | 25.1 bp −$25 | 82.6 bp −$826 | 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 | −0.4088% | 1h | 0.05570 | −1.329% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05636 | −0.162% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0076% | 4h | 0.05627 | −0.327% | $506K | $148K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05628 | −0.301% | $101K | $56K | 10x | as long as short |
| Binance POPCATUSDTshort | +0.0100% | 4h | 0.05626 | −0.337% | $2.5M | $7.3M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05626 | −0.337% | $8.8M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05620 | −0.443% | $688K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05630 | −0.266% | $445K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05638 | −0.124% | $1.8M | $994K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05636 | −0.159% | $1.1M | $988K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
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 POPCATUSDT | +0.0100% | 4h | 0.05627 | −0.319% | $1.2M | $948K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05636 | −0.159% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05636 | −0.154% | $250K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | −0.089% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05620 | −0.435% | $97K | $405K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05645 | long leg | $130K | $328K | 50x | |
| Hyperliquid POPCAT | +0.0408% | 1h | 0.05643 | −0.041% | $2.7M | $1.1M | 3x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0409% | 1h | 0.05635 | −0.169% | $150K | $147K | 20x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT
Kraken Futures PF_POPCATUSD