Funding you earn now, next payment 09:00 UTC−0.1213%/8h= −132.8% APRpaid last 24h −0.111%
Price spread now: Kraken Futures against Bybit−0.015%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1671.672% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 4 days (all we have)−1.501%−$150 · spread now −0.015%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$36 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.467% in total (about -24.3% a year). A funding rate is set anew for every payment. 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 | Bybit POPCATUSDT | 0.05692 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $9.0M | $7.6M | 50x |
| Short | Kraken Futures PF_POPCATUSD | 0.05691 | −0.1113 | pay 0.0139% / 1h | 46m 04s | $153K | $154K | 20x |
Bybit POPCATUSDT
Kraken Futures PF_POPCATUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$254.69
- Price spread: −0.015% → −0.023%
- $0.86
- Slippage, 4 orders
- −$146.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$421.05
- Costs to cover
- 1.672%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 51 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 | 3.51 bp | 20.8 bp −$21 | 79.4 bp −$794 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 51 min ago | 19.09 bp | 65.8 bp −$66 | 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 | −0.650% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDshort | −0.1113% | 1h | 0.05691 | −0.015% | $153K | $154K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05709 | +0.292% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05698 | +0.105% | $99K | $55K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0100% | 1h | 0.05703 | +0.200% | $2.7M | $1.4M | 3x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05704 | +0.207% | $2.5M | $7.9M | 50x | as long as short |
| Bybit POPCATUSDTlong | +0.0100% | 4h | 0.05692 | long leg | $9.0M | $7.6M | 50x | |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05693 | +0.018% | $691K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05704 | +0.211% | $435K | $448K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05701 | +0.158% | $1.9M | $1.1M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Hyperliquid POPCAT
Binance POPCATUSDT
OKX POPCAT-USDT-SWAP
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 | 0.05706 | +0.246% | $1.1M | $857K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05700 | +0.141% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05696 | +0.070% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05717 | +0.440% | $482K | $179K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05710 | +0.316% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05697 | +0.093% | $92K | $745K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0244% | 4h | 0.05724 | +0.562% | $258K | $479K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05722 | +0.527% | $132K | $340K | 50x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT