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 0.000%

Price spread now: Bybit against Gate−0.236%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$1851.846% of the position

Long on Gate Short on Bybit

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)+0.132%+$13 · spread now −0.236%, 7d avg −0.058%

Together, before fees+0.132%+$13 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: Bybit is 0.178% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05511	0.0100	pay 0.0050% / 4h	2h 57m	$418K	$672K	50x
Short	Bybit POPCATUSDT	0.05498	0.0100	get 0.0050% / 4h	2h 57m	$8.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → −0.058%: −$17.8
Slippage, 4 orders: −$158.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$202.37
Costs to cover: 1.846%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; Bybit: live order book, 5 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, 28 min ago	9.96 bp	57.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.81 bp	24.2 bp −$24	94.1 bp −$941	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	0.05480	−0.563%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1064%	1h	0.05508	−0.051%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05516	+0.088%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05512	+0.018%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05510	−0.014%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05498	−0.236%	$8.8M	$5.8M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05507	−0.073%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05511	long leg	$418K	$672K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05508	−0.054%	$1.9M	$907K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05511	0.000%	$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	0.05509	−0.036%	$1.2M	$883K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05511	0.000%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05529	+0.328%	$505K	$174K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05530	+0.345%	$22K	$639K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05512	+0.020%	$97K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0128%	4h	0.05540	+0.526%	$248K	$488K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05535	+0.435%	$125K	$281K	50x	as long as short
Hyperliquid POPCAT	+0.1997%	1h	0.05526	+0.267%	$2.6M	$1.1M	3x	as long as short