Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4909%/8h= −537.5% APRpaid last 24h −1.330%

Price spread now: Injective against BloFin−1.270%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−4.610%−$461 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Injective is 1.270% cheaper against BloFin than usual: you would sell low and buy high (−$127 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POPCAT-USDT	0.05511	0.0340	pay 0.0170% / 4h	2h 24m	$124K	$284K	50x
Short	Injective POPCAT/USDC PERP	0.05441	−0.4569	pay 0.0571% / 1h	24m 06s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −1.270%Rate

Funding earned: −$1,030.84
Price spread: −1.270% → 0.000%: −$127.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,169.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 60 min ago; Injective: no order-book sample. Net counts fees only.

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, 60 min ago	5.44 bp	25.3 bp −$25	73.5 bp −$735	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.4569%	1h	0.05441	−1.270%	$3K	$2K	5.5x
Kraken Futures PF_POPCATUSD	−0.1066%	1h	0.05501	−0.174%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05509	−0.029%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05512	+0.018%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05515	+0.077%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05506	−0.091%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05510	−0.018%	$677K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05509	−0.036%	$418K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05513	+0.036%	$1.9M	$919K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05517	+0.109%	$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 POPCATUSDT	+0.0100%	4h	0.05505	−0.109%	$1.2M	$884K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05511	0.000%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05506	−0.085%	$502K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05506	−0.082%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	−0.200%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05513	+0.040%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDTlong	+0.0340%	4h	0.05511	long leg	$124K	$284K	50x
Hyperliquid POPCAT	+0.1427%	1h	0.05527	+0.287%	$2.6M	$1.1M	3x	as long as short