POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h −0.089%

Price spread now: Kraken Futures against Extended+0.014%7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2412.414% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)−1.065%−$107 · spread now +0.014%, 7d avg −0.106%

Together, before fees−1.575%+ Points / potential airdropExtended: Active · farm board−$158 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.120% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.106%. Mind the row above: over the last 7 days funding on this pair cost −0.510%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05623	0.0104	pay 0.0013% / 1h	53m 02s	$97K	$405K	10x
Short	Kraken Futures PF_POPCATUSD	0.05624	0.0410	get 0.0051% / 1h	53m 02s	$150K	$146K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.014%Rate

Funding earned: $64.33
Price spread: +0.014% → −0.106%: $11.96
Slippage, 4 orders: −$226.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$165.14
Costs to cover: 2.414%
Break-even: 25.0 days

Slippage from Extended: live order book, 60 min ago; Kraken Futures: live order book, 59 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, 60 min ago	4.41 bp	64.7 bp −$65	449.1 bp −$4,491	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 59 min ago	26.50 bp	53.2 bp −$53	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	−0.4088%	1h	0.05570	−0.942%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05623	−0.003%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0076%	4h	0.05627	+0.063%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05623	0.000%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05627	+0.071%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05621	−0.035%	$8.8M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05629	+0.107%	$689K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05626	+0.054%	$445K	$634K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05625	+0.036%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05626	+0.054%	$1.1M	$988K	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	0.05625	+0.036%	$1.2M	$948K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05633	+0.178%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05644	+0.369%	$251K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.125%	$22K	$654K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05623	long leg	$97K	$405K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05629	+0.107%	$129K	$328K	50x	as long as short
Hyperliquid POPCAT	+0.0402%	1h	0.05631	+0.150%	$2.6M	$1.1M	3x	as long as short
Kraken Futures PF_POPCATUSDshort	+0.0410%	1h	0.05624	+0.014%	$150K	$146K	20x