Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.115%

Price spread now: KuCoin against Gate+0.250%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$523as in the Price arb table

costs, in and out, $10k−$5395.387% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.250%, 7d avg +0.092%

Together, before fees−0.094%−$9 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: KuCoin is 0.158% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05602	0.0100	pay 0.0050% / 4h	1h 37m	$447K	$635K	50x
Short	KuCoin POPCATUSDTM	0.05616	0.0100	get 0.0050% / 4h	1h 37m	$1.1M	$986K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → +0.092%: $15.8
Slippage, 4 orders: −$511.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$522.89
Costs to cover: 5.387%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; KuCoin: live order book, 3 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, 24 min ago	9.82 bp	80.6 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	12.47 bp	183.8 bp −$184	791.1 bp −$7,911	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	−0.4257%	1h	0.05514	−1.571%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05612	+0.184%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0057%	4h	0.05593	−0.162%	$508K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05615	+0.232%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05616	+0.257%	$2.3M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05608	+0.107%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05616	+0.250%	$694K	$1.5M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05602	long leg	$447K	$635K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05621	+0.339%	$1.8M	$952K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05616	+0.250%	$1.1M	$986K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05613	+0.196%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05613	+0.196%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05610	+0.143%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05612	+0.187%	$95K	$529K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0118%	4h	0.05618	+0.286%	$251K	$495K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0295%	1h	0.05614	+0.209%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05607	+0.089%	$123K	$324K	50x	as long as short
Hyperliquid POPCAT	+0.0916%	1h	0.05625	+0.407%	$2.6M	$997K	3x	as long as short