Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.126%

Price spread now: Reya against BloFin−0.015%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POPCAT-USDT	0.05486	0.0340	pay 0.0170% / 4h	2h 06m	$124K	$284K	50x
Short	Reya POPCATRUSDPERP	0.05485	−0.0228	pay 0.0029% / 1h	6m 58s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.015%Rate

Funding earned: −$119.34
Price spread: −0.015% → 0.000%: −$1.49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$138.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 min ago; Reya: 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, 10 min ago	2.72 bp	29.8 bp −$30	75.5 bp −$755	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 PERP	−0.4569%	1h	0.05437	−0.893%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1072%	1h	0.05466	−0.356%	$139K	$114K	20x	as long as short
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05485	−0.015%	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05482	−0.073%	$99K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05487	+0.012%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05478	−0.146%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05478	−0.146%	$673K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05480	−0.109%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05485	−0.018%	$1.9M	$923K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05490	+0.073%	$1.1M	$995K	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	0.05482	−0.073%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05481	−0.091%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05477	−0.167%	$501K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.220%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+0.073%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05483	−0.049%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDTlong	+0.0340%	4h	0.05486	long leg	$124K	$284K	50x
Hyperliquid POPCAT	+0.1431%	1h	0.05499	+0.235%	$2.5M	$1.1M	3x	as long as short