Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Gate+0.158%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1831.827% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.158%, 7d avg +0.094%

Together, before fees−0.074%−$7 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: Binance is 0.064% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05489	0.0100	pay 0.0050% / 4h	2h 54m	$416K	$673K	50x
Short	Binance POPCATUSDT	0.05498	0.0100	get 0.0050% / 4h	2h 54m	$2.3M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.094%: $6.42
Slippage, 4 orders: −$157.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$176.29
Costs to cover: 1.827%
Break-even: never at this rate

Slippage from Gate: live order book, 32 min ago; Binance: live order book, 14 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, 32 min ago	9.96 bp	57.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.81 bp	19.3 bp −$19	73.6 bp −$736	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	−0.4569%	1h	0.05458	−0.565%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1067%	1h	0.05494	+0.094%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05495	+0.107%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05499	+0.182%	$100K	$45K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05498	+0.158%	$2.3M	$6.3M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05490	+0.018%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05498	+0.164%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05489	long leg	$416K	$673K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05501	+0.219%	$1.9M	$907K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05503	+0.255%	$1.1M	$994K	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	0.05496	+0.128%	$1.2M	$884K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05497	+0.146%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05504	+0.282%	$504K	$174K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05520	+0.565%	$22K	$641K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05495	+0.117%	$97K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0134%	4h	0.05520	+0.559%	$247K	$488K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05520	+0.565%	$125K	$280K	50x	as long as short
Hyperliquid POPCAT	+0.2044%	1h	0.05514	+0.450%	$2.6M	$1.1M	3x	as long as short