Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bybit+0.232%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2492.493% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.232%, 7d avg +0.059%

Together, before fees−0.185%−$19 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: Gate is 0.173% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05601	0.0100	pay 0.0050% / 4h	7m 26s	$8.9M	$6.1M	50x
Short	Gate POPCAT_USDT	0.05614	0.0100	get 0.0050% / 4h	7m 26s	$428K	$645K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → +0.059%: $17.3
Slippage, 4 orders: −$223.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$232
Costs to cover: 2.493%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 4 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, 6 min ago	7.13 bp	29.6 bp −$30	88.6 bp −$886	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	12.47 bp	105.1 bp −$105	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	0.05563	−0.678%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0966%	1h	0.05625	+0.428%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05617	+0.281%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05627	+0.464%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05617	+0.294%	$2.3M	$6.6M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05601	long leg	$8.9M	$6.1M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05604	+0.054%	$699K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05614	+0.232%	$428K	$645K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05614	+0.232%	$1.8M	$942K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05612	+0.196%	$1.1M	$986K	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	0.05622	+0.375%	$1.2M	$920K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05608	+0.125%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05613	+0.209%	$511K	$173K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.518%	$23K	$648K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05620	+0.333%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05634	+0.588%	$245K	$493K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05634	+0.589%	$125K	$295K	50x	as long as short
Hyperliquid POPCAT	+0.0616%	1h	0.05630	+0.518%	$2.6M	$1.0M	3x	as long as short