Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: BingX against Extended+0.022%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1571.569% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.022%, 7d avg −0.006%

Together, before fees+0.112%+ Points / potential airdropExtended: Active · farm board+$11 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: BingX is 0.028% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05527	0.0104	pay 0.0013% / 1h	38m 59s	$97K	$440K	10x
Short	BingX POPCAT-USDT	0.05528	0.0100	get 0.0050% / 4h	1h 38m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.84
Price spread: +0.022% → −0.006%: $2.79
Slippage, 4 orders: −$141.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$154.95
Costs to cover: 1.569%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; BingX: live order book, 14 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 Extended live order book, 44 min ago	2.72 bp	43.2 bp −$43	293.5 bp −$2,935	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.55 bp	25.7 bp −$26	66.0 bp −$660	555.2 bp −$55.5K	841.8 bp −$420.9K

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	−0.3374%	1h	0.05443	−1.516%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0926%	1h	0.05517	−0.173%	$141K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05528	+0.020%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05529	+0.040%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05532	+0.094%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05523	−0.068%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05529	+0.040%	$685K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05525	−0.032%	$434K	$672K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05534	+0.131%	$1.9M	$921K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05527	+0.004%	$1.1M	$997K	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	0.05527	+0.004%	$1.2M	$887K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05528	+0.022%	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05519	−0.143%	$506K	$175K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05533	+0.111%	$245K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05530	+0.058%	$22K	$646K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05527	long leg	$97K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05528	+0.022%	$123K	$285K	50x	as long as short
Hyperliquid POPCAT	+0.0680%	1h	0.05538	+0.212%	$2.6M	$1.1M	3x	as long as short