Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
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 +0.115%
Price spread now: KuCoin against Bybit+0.177%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$417as in the Funding arb table
Net, price: spread back to 7d avg − costs−$438as in the Price arb table
costs, in and out, $10k−$4394.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 7 days−0.022%−$2 · spread now +0.177%, 7d avg +0.168%
Together, before fees+0.196%+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POPCATUSDT0.056470.0100pay 0.0050% / 4h23m 53s$8.9M$6.4M50x
ShortKuCoin POPCATUSDTM0.056570.0100get 0.0050% / 4h23m 53s$1.1M$982K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.177% → +0.168%
$0.87
Slippage, 4 orders
−$415.61
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$437.74
Costs to cover
4.386%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.44 bp25.3 bp −$2578.2 bp −$782doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago9.72 bp195.8 bp −$196871.4 bp −$8,714doesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.4247%1h0.05544−1.824%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05656+0.161%$110xas long as short
Variational Omni POPCAT−0.0019%4h0.05642−0.080%$509K$163Kas long as short
Lighter POPCAT+0.0096%1h0.05656+0.159%$101K$51K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05659+0.220%$2.4M$7.0M50xas long as short
Bybit POPCATUSDTlong+0.0100%4h0.05647long leg$8.9M$6.4M50x
OKX POPCAT-USDT-SWAP+0.0100%4h0.05657+0.177%$700K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05655+0.142%$447K$636K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05658+0.195%$1.8M$965K200xas long as short
KuCoin POPCATUSDTMshort+0.0100%4h0.05657+0.177%$1.1M$982K50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05654+0.124%$1.2M$937K50xas long as short
BingX POPCAT-USDC+0.0100%4h0.05656+0.159%$1.6Mas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05670+0.407%$22K$651K25xas long as short
Extended POPCAT-USD+0.0104%1h0.05655+0.147%$96K$525K10xas long as short
GRVT POPCAT_USDT_Perp+0.0228%4h0.05663+0.288%$250K$502K10xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05671+0.425%$125K$330K50xas long as short
Kraken Futures PF_POPCATUSD+0.0573%1h0.05657+0.175%$151K$146K20xas long as short
Hyperliquid POPCAT+0.1087%1h0.05664+0.306%$2.6M$1.0M3xas long as short