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: Gate against BloFin+0.198%48s7-day average −0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$342as 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−$3393.393% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.198%, 7d avg −0.089%
=The price spread pays, funding is against you. Gate is 0.287% dearer against BloFin than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of −0.089%): +$29 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.027% in total) that is about 3 months. The two prices were read 48 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 | 0.05549 | 0.0340 | pay 0.0170% / 4h | 54m 16s | $123K | $286K | 50x |
| Short | Gate POPCAT_USDT | 0.05560 | 0.0100 | get 0.0050% / 4h | 54m 16s | $438K | $610K | 50x |
BloFin POPCAT-USDT
Gate POPCAT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.198% → −0.089%
- $28.74
- Slippage, 4 orders
- −$312.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$360.98
- Costs to cover
- 3.393%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 17 min ago; Gate: live order book, 22 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, 17 min ago | 1.82 bp | 21.0 bp −$21 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 1.82 bp | 109.5 bp −$109 | 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 | −0.4208% | 1h | 0.05471 | −1.406% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0980% | 1h | 0.05548 | −0.013% | $145K | $117K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05571 | +0.388% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05569 | +0.360% | $101K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05570 | +0.378% | $2.3M | $6.4M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05559 | +0.180% | $8.9M | $5.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05575 | +0.469% | $695K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDTshort | +0.0100% | 4h | 0.05560 | +0.198% | $438K | $610K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05571 | +0.396% | $1.9M | $918K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05562 | +0.234% | $1.1M | $980K | 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
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 | 0.05553 | +0.072% | $1.2M | $894K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05568 | +0.342% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05536 | −0.230% | $508K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05544 | −0.085% | $245K | $468K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05540 | −0.162% | $22K | $647K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05569 | +0.369% | $98K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05549 | long leg | $123K | $286K | 50x | |
| Hyperliquid POPCAT | +0.0621% | 1h | 0.05582 | +0.602% | $2.6M | $987K | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT