Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%
Price spread now: BingX against BloFin+0.055%111s7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as 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−$1861.860% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.055%, 7d avg −0.081%
=The price spread pays, funding is against you. BingX is 0.136% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.081%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.027% in total) that is about 36 days. The two prices were read 111 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 -0.027% in total (about -1.4% 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 | 0.05501 | 0.0340 | pay 0.0170% / 4h | 2h 25m | $124K | $284K | 50x |
| Short | BingX POPCAT-USDC | 0.05504 | 0.0100 | get 0.0050% / 4h | 2h 25m | — | $1.6M | — |
BloFin POPCAT-USDT
BingX POPCAT-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.055% → −0.081%
- $13.6
- Slippage, 4 orders
- −$163.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$222.77
- Costs to cover
- 1.860%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; BingX: 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 BloFin live order book, 58 min ago | 5.44 bp | 25.3 bp −$25 | 73.5 bp −$735 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 13.64 bp | 75.3 bp −$75 | 305.4 bp −$3,054 | 492.6 bp −$49.3K | 976.0 bp −$488.0K |
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 | −1.327% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1064% | 1h | 0.05507 | +0.109% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05509 | +0.147% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05511 | +0.182% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05509 | +0.145% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05505 | +0.073% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05506 | +0.091% | $677K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05510 | +0.164% | $418K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05513 | +0.218% | $1.9M | $919K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05512 | +0.200% | $1.1M | $992K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
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 POPCATUSDT | +0.0100% | 4h | 0.05503 | +0.036% | $1.2M | $884K | 50x | as long as short |
| BingX POPCAT-USDCshort | +0.0100% | 4h | 0.05504 | +0.055% | — | $1.6M | — | |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05484 | −0.304% | $502K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05506 | +0.099% | $244K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05500 | −0.018% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05510 | +0.167% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05501 | long leg | $124K | $284K | 50x | |
| Hyperliquid POPCAT | +0.1422% | 1h | 0.05517 | +0.298% | $2.5M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT