Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.015%

Price spread now: GRVT against Extended−0.068%7-day average +0.173% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2322.320% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 3 days (all we have)+0.439%+$44 · spread now −0.068%, 7d avg +0.173%

Together, before fees+0.579%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$58 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: GRVT is 0.242% cheaper against Extended than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05571	0.0104	pay 0.0013% / 1h	52m 49s	$98K	$440K	10x
Short	GRVT POPCAT_USDT_Perp	0.05567	0.0100	get 0.0050% / 4h	52m 49s	$246K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$0.84
Price spread: −0.068% → +0.173%: −$24.15
Slippage, 4 orders: −$218.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$257.03
Costs to cover: 2.320%
Break-even: never at this rate

Slippage from Extended: live order book, 25 min ago; GRVT: live order book, 25 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, 25 min ago	2.73 bp	50.1 bp −$50	318.4 bp −$3,184	doesn't fit	doesn't fit
Sell GRVT live order book, 25 min ago	8.18 bp	51.6 bp −$52	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	0.05471	−1.798%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0978%	1h	0.05556	−0.270%	$145K	$117K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05570	−0.017%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05568	−0.057%	$101K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05572	+0.015%	$2.3M	$6.4M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05558	−0.236%	$8.9M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05575	+0.069%	$696K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05560	−0.200%	$439K	$611K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05569	−0.039%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05574	+0.051%	$1.1M	$980K	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	0.05559	−0.218%	$1.2M	$894K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05565	−0.111%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05536	−0.627%	$508K	$174K	—	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0100%	4h	0.05567	−0.068%	$246K	$468K	10x
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05540	−0.559%	$22K	$647K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05571	long leg	$98K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05567	−0.075%	$124K	$287K	50x	as long as short
Hyperliquid POPCAT	+0.0595%	1h	0.05584	+0.227%	$2.6M	$987K	3x	as long as short