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: Bitget against BloFin−0.199%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1491.495% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.199%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.170% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% 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 | 0.05527 | 0.0340 | pay 0.0170% / 4h | 2h 23m | $126K | $323K | 50x |
| Short | Bitget POPCATUSDT | 0.05516 | 0.0100 | get 0.0050% / 4h | 2h 23m | $1.1M | $962K | 50x |
BloFin POPCAT-USDT
Bitget POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.199% → −0.029%
- −$17.04
- Slippage, 4 orders
- −$125.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$216.92
- Costs to cover
- 1.495%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago | 8.14 bp | 25.6 bp −$26 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.25 bp | 47.5 bp −$47 | 233.4 bp −$2,334 | 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 | 0.05458 | −1.248% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05519 | −0.147% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0063% | 4h | 0.05510 | −0.315% | $467K | $175K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05517 | −0.181% | $99K | $56K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05525 | −0.036% | $2.4M | $7.5M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05511 | −0.289% | $8.6M | $6.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05518 | −0.163% | $672K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05525 | −0.036% | $438K | $640K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05523 | −0.072% | $1.7M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05523 | −0.072% | $1.1M | $1.0M | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
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 POPCATUSDTshort | +0.0100% | 4h | 0.05516 | −0.199% | $1.1M | $962K | 50x | |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05517 | −0.181% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05534 | +0.127% | $241K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05570 | +0.778% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05518 | −0.159% | $94K | $414K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0113% | 1h | 0.05522 | −0.100% | $2.6M | $1.2M | 3x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05527 | long leg | $126K | $323K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0419% | 1h | 0.05512 | −0.266% | $145K | $151K | 20x | as long as short |
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT
Kraken Futures PF_POPCATUSD