Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.286%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1301.298% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.289%−$29 · spread now +0.286%, 7d avg +0.122%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.164% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05604	0.0100	pay 0.0050% / 4h	2h 31m	$8.9M	$6.3M	50x
Short	Bitget POPCATUSDT	0.05620	0.0100	get 0.0050% / 4h	2h 31m	$1.2M	$941K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.286%Rate

Funding earned: $0
Price spread: +0.286% → +0.122%: $16.37
Slippage, 4 orders: −$106.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.44
Costs to cover: 1.298%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago	3.57 bp	27.3 bp −$27	85.8 bp −$858	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.01 bp	37.1 bp −$37	132.5 bp −$1,325	doesn't fit	doesn't fit

POPCAT on 17 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	−0.5000%	1h	0.05524	−1.428%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05614	+0.185%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0037%	4h	0.05601	−0.051%	$509K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05615	+0.196%	$101K	$52K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05616	+0.214%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05604	long leg	$8.9M	$6.3M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05610	+0.107%	$692K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05615	+0.196%	$447K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05619	+0.268%	$1.8M	$970K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05615	+0.196%	$1.1M	$992K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05620	+0.286%	$1.2M	$941K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05621	+0.303%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05622	+0.321%	$252K	$494K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05610	+0.107%	$22K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05613	+0.161%	$96K	$520K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0634%	1h	0.05616	+0.222%	$149K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.1093%	1h	0.05625	+0.366%	$2.6M	$992K	3x	as long as short