Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.520%81s7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2462.457% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.520%, 7d avg +0.085%

Together, before fees−0.165%−$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: ApeX Omni is 0.434% dearer against Gate than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.085%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05581	0.0100	pay 0.0050% / 4h	48m 05s	$442K	$635K	50x
Short	ApeX Omni POPCATUSDT	0.05610	0.0100	get 0.0013% / 1h	48m 05s	$22K	$651K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.520%Rate

Funding earned: $0
Price spread: +0.520% → +0.085%: $43.41
Slippage, 4 orders: −$220.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$202.25
Costs to cover: 2.457%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; ApeX Omni: live order book, 10 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 Gate live order book, 8 min ago	10.68 bp	91.0 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	17.89 bp	32.4 bp −$32	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	−0.4247%	1h	0.05530	−0.914%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05588	+0.126%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0114%	4h	0.05587	+0.108%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05586	+0.090%	$100K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05591	+0.179%	$2.3M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05577	−0.072%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05590	+0.161%	$693K	$1.5M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05581	long leg	$442K	$635K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05591	+0.179%	$1.8M	$958K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05581	0.000%	$1.1M	$982K	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	0.05589	+0.143%	$1.2M	$938K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05580	−0.018%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05610	+0.520%	$22K	$651K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05585	+0.072%	$95K	$530K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0156%	4h	0.05627	+0.824%	$249K	$493K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05584	+0.054%	$125K	$323K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0580%	1h	0.05586	+0.096%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1366%	1h	0.05600	+0.349%	$2.6M	$1.0M	3x	as long as short