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 +0.002%

Price spread now: BingX against Gate+0.036%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1801.800% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.036%, 7d avg +0.012%

Together, before fees+0.007%+$1 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: BingX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05501	0.0100	pay 0.0050% / 4h	2h 53m	$417K	$673K	50x
Short	BingX POPCAT-USDT	0.05503	0.0100	get 0.0050% / 4h	2h 53m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.012%: $2.41
Slippage, 4 orders: −$154.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$177.57
Costs to cover: 1.800%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; BingX: 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, 33 min ago	9.96 bp	57.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.62 bp	19.9 bp −$20	62.2 bp −$622	536.4 bp −$53.6K	822.7 bp −$411.3K

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	−0.782%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1067%	1h	0.05494	−0.123%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05511	+0.175%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05507	+0.109%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05511	+0.182%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05496	−0.091%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05502	+0.018%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05501	long leg	$417K	$673K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05512	+0.200%	$1.9M	$907K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05506	+0.091%	$1.1M	$993K	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	0.05504	+0.055%	$1.2M	$884K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05503	+0.036%	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05504	+0.063%	$504K	$174K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05520	+0.345%	$22K	$641K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05508	+0.122%	$97K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0138%	4h	0.05523	+0.407%	$247K	$488K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05487	−0.254%	$124K	$281K	50x	as long as short
Hyperliquid POPCAT	+0.2076%	1h	0.05520	+0.354%	$2.6M	$1.1M	3x	as long as short