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: OKX against Extended−0.056%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2022.018% of the position

Long on Extended Short on OKX

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)+0.155%+$15 · spread now −0.056%, 7d avg +0.018%

Together, before fees+0.146%+ Points / potential airdropExtended: Active · farm board+$15 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: OKX is 0.074% cheaper against Extended than usual: you would sell low and buy high, −$7 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	0.05705	0.0104	pay 0.0013% / 1h	53m 38s	$92K	$745K	10x
Short	OKX POPCAT-USDT-SWAP	0.05702	0.0100	get 0.0050% / 4h	3h 53m	$693K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$0.84
Price spread: −0.056% → +0.018%: −$7.38
Slippage, 4 orders: −$186.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$210
Costs to cover: 2.018%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; OKX: live order book, 3 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	4.34 bp	66.3 bp −$66	421.9 bp −$4,219	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	6.98 bp	42.0 bp −$42	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	−0.4200%	1h	0.05655	−0.880%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1113%	1h	0.05691	−0.247%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05695	−0.181%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05703	−0.038%	$99K	$55K	10x	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05718	+0.226%	$484K	$180K	—	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05711	+0.111%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05706	+0.014%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05695	−0.178%	$9.0M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05702	−0.056%	$693K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05706	+0.014%	$435K	$448K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POPCAT_USDT	+0.0100%	4h	0.05706	+0.014%	$1.9M	$1.1M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05704	−0.021%	$1.1M	$860K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05703	−0.038%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05703	−0.038%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05739	+0.593%	$259K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	+0.435%	$22K	$657K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05705	long leg	$92K	$745K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05705	−0.003%	$132K	$340K	50x	as long as short