Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended+0.025%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

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

costs, in and out, $10k−$1491.491% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.025%, 7d avg +0.069%

Together, before fees+0.171%+ Points / potential airdropExtended: Active · farm board+$17 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: MEXC is 0.044% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05718	0.0104	pay 0.0013% / 1h	50m 26s	$92K	$745K	10x
Short	MEXC POPCAT_USDT	0.05719	0.0100	get 0.0050% / 4h	3h 50m	$1.9M	$1.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → +0.069%: −$4.36
Slippage, 4 orders: −$140.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$154.34
Costs to cover: 1.491%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; MEXC: live order book, 1 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, 47 min ago	4.34 bp	66.3 bp −$66	421.9 bp −$4,219	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.49 bp	13.3 bp −$13	74.5 bp −$745	144.0 bp −$14.4K	269.5 bp −$134.7K

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	−0.4200%	1h	0.05655	−1.094%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1108%	1h	0.05716	−0.021%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05714	−0.069%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05719	+0.025%	$100K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05721	+0.055%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05716	−0.026%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05711	−0.115%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05708	−0.167%	$694K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05720	+0.042%	$436K	$448K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05719	+0.025%	$1.9M	$1.1M	200x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05717	−0.010%	$1.1M	$859K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05715	−0.045%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05710	−0.132%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05717	−0.009%	$482K	$179K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05715	−0.038%	$258K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	−0.132%	$22K	$655K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05718	long leg	$92K	$745K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05714	−0.062%	$132K	$341K	50x	as long as short