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 −0.014%

Price spread now: GRVT against Gate+0.255%7-day average +0.188% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2192.186% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 3 days (all we have)+0.404%+$40 · spread now +0.255%, 7d avg +0.188%

Together, before fees+0.552%+ Points / potential airdropGRVT: Active · farm board+$55 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: GRVT is 0.067% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.188%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05492	0.0100	pay 0.0050% / 4h	2h 49m	$417K	$673K	50x
Short	GRVT POPCAT_USDT_Perp	0.05506	0.0100	get 0.0050% / 4h	2h 49m	$244K	$501K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.188%: $6.73
Slippage, 4 orders: −$194.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$211.85
Costs to cover: 2.186%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; GRVT: live order book, 38 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, 37 min ago	9.96 bp	57.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 38 min ago	4.51 bp	39.2 bp −$39	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	−0.4569%	1h	0.05442	−0.910%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1068%	1h	0.05487	−0.099%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05497	+0.098%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05498	+0.109%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05499	+0.127%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05490	−0.036%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05496	+0.073%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05492	long leg	$417K	$673K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05500	+0.146%	$1.9M	$908K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05502	+0.182%	$1.1M	$992K	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	0.05494	+0.036%	$1.2M	$884K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05497	+0.091%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05486	−0.109%	$503K	$174K	—	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0100%	4h	0.05506	+0.255%	$244K	$501K	10x
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.146%	$22K	$639K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05495	+0.060%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05505	+0.237%	$125K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.1901%	1h	0.05507	+0.264%	$2.5M	$1.1M	3x	as long as short