Funding you earn now, next payment 02:00 UTC+0.0535%/8h= +58.6% APRpaid last 24h −0.068%
Price spread now: Kraken Futures against Gate+0.108%7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$363as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$3093.092% of the position
Funding, last 7 days−0.538%−$54 on $10k
+Price spread, last 3 days (all we have)−0.744%−$74 · spread now +0.108%, 7d avg −0.085%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.193% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.085%. Mind the row above: over the last 7 days funding on this pair cost −0.538%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POPCAT_USDT | 0.05603 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $446K | $636K | 50x |
| Short | Kraken Futures PF_POPCATUSD | 0.05609 | 0.0635 | get 0.0079% / 1h | 26m 10s | $149K | $147K | 20x |
Gate POPCAT_USDT
Kraken Futures PF_POPCATUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $112.39
- Price spread: +0.108% → −0.085%
- $19.28
- Slippage, 4 orders
- −$284.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$177.52
- Costs to cover
- 3.092%
- Break-even
- 18.1 days
Slippage from Gate: live order book, 40 min ago; Kraken Futures: live order book, 41 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, 40 min ago | 4.41 bp | 83.1 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 14.08 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 17 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 | −0.5000% | 1h | 0.05524 | −1.410% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05608 | +0.082% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0028% | 4h | 0.05595 | −0.150% | $507K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05609 | +0.107% | $101K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05609 | +0.107% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05595 | −0.143% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05605 | +0.036% | $693K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDTlong | +0.0100% | 4h | 0.05603 | long leg | $446K | $636K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05612 | +0.161% | $1.8M | $970K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05609 | +0.107% | $1.1M | $990K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05609 | +0.107% | $1.2M | $941K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05602 | −0.018% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05614 | +0.202% | $251K | $494K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | +0.303% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05606 | +0.048% | $98K | $524K | 10x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0635% | 1h | 0.05609 | +0.108% | $149K | $147K | 20x | |
| Hyperliquid POPCAT | +0.1102% | 1h | 0.05618 | +0.259% | $2.6M | $996K | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT