Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.069%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2722.719% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.069%, 7d avg −0.018%

Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 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 0.051% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05494	0.0104	pay 0.0013% / 1h	47m 29s	$97K	$440K	10x
Short	Gate POPCAT_USDT	0.05490	0.0100	get 0.0050% / 4h	2h 47m	$416K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.84
Price spread: −0.069% → −0.018%: −$5.08
Slippage, 4 orders: −$251.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$277.84
Costs to cover: 2.719%
Break-even: never at this rate

Slippage from Extended: live order book, 40 min ago; Gate: live order book, 38 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, 40 min ago	2.71 bp	60.2 bp −$60	384.1 bp −$3,841	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	9.96 bp	76.4 bp −$76	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	−0.4569%	1h	0.05442	−0.943%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1068%	1h	0.05488	−0.110%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05492	−0.025%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05495	+0.022%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05495	+0.022%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05487	−0.123%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05494	+0.004%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05490	−0.069%	$416K	$673K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05496	+0.040%	$1.9M	$908K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05498	+0.077%	$1.1M	$992K	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	0.05489	−0.087%	$1.1M	$884K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05491	−0.051%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05486	−0.141%	$503K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05505	+0.204%	$244K	$501K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.113%	$22K	$639K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05494	long leg	$97K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05505	+0.204%	$125K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.1741%	1h	0.05502	+0.151%	$2.5M	$1.1M	3x	as long as short