Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.059%
Price spread now: OKX against BloFin−0.280%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1461.461% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.701%+$70 · spread now −0.280%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.228% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% 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 | 0.05722 | 0.0340 | pay 0.0170% / 4h | 3h 46m | $132K | $340K | 50x |
| Short | OKX POPCAT-USDT-SWAP | 0.05706 | 0.0100 | get 0.0050% / 4h | 3h 46m | $693K | $1.7M | 20x |
BloFin POPCAT-USDT
OKX POPCAT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.280% → −0.051%
- −$22.84
- Slippage, 4 orders
- −$124.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$219.34
- Costs to cover
- 1.461%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 28 min ago; OKX: live order book, 5 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, 28 min ago | 1.74 bp | 32.9 bp −$33 | 78.7 bp −$787 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.49 bp | 34.7 bp −$35 | 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 | −0.4200% | 1h | 0.05655 | −1.171% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1110% | 1h | 0.05706 | −0.284% | $153K | $155K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05711 | −0.190% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05707 | −0.262% | $99K | $55K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0100% | 1h | 0.05712 | −0.173% | $2.7M | $1.4M | 3x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05708 | −0.241% | $2.5M | $7.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05699 | −0.402% | $9.0M | $7.6M | 50x | as long as short |
| OKX POPCAT-USDT-SWAPshort | +0.0100% | 4h | 0.05706 | −0.280% | $693K | $1.7M | 20x | |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05707 | −0.262% | $435K | $448K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05706 | −0.280% | $1.9M | $1.1M | 200x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Hyperliquid POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05709 | −0.227% | $1.1M | $858K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05703 | −0.332% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05707 | −0.262% | — | $6.9M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05717 | −0.086% | $482K | $179K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05710 | −0.210% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05706 | −0.279% | $92K | $745K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0244% | 4h | 0.05724 | +0.035% | $258K | $479K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05722 | long leg | $132K | $340K | 50x |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp