POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.076%

Price spread now: BingX against GRVT−0.515%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6,547as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,557as in the Price arb table

costs, in and out, $10k−$6,52365.229% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.515%, 7d avg −0.177%

Together, before fees−0.122%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.338% cheaper against GRVT than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.177%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POPCAT_USDT_Perp	0.05627	0.0156	pay 0.0078% / 4h	51m 15s	$249K	$493K	10x
Short	BingX POPCAT-USDT	0.05598	0.0100	get 0.0050% / 4h	51m 15s	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.515%Rate

Funding earned: −$11.76
Price spread: −0.515% → −0.177%: −$33.81
Slippage, 4 orders: −$6,503.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6,568.52
Costs to cover: 65.229%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; BingX: live order book, 1 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 GRVT live order book, 6 min ago	10.73 bp	6409.2 bp −$6,409	154050.2 bp −$1.54M	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.36 bp	25.3 bp −$25	65.5 bp −$655	509.2 bp −$50.9K	750.4 bp −$375.2K

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	−0.4247%	1h	0.05530	−1.724%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05605	−0.389%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0147%	4h	0.05601	−0.461%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05599	−0.498%	$100K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05604	−0.409%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05590	−0.658%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05605	−0.391%	$695K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05604	−0.409%	$444K	$634K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05603	−0.427%	$1.8M	$958K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05601	−0.462%	$1.1M	$982K	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	0.05605	−0.391%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05598	−0.515%	—	$6.8M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	−0.124%	$22K	$650K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05599	−0.489%	$95K	$530K	10x	as long as short
GRVT POPCAT_USDT_Perplong	+0.0156%	4h	0.05627	long leg	$249K	$493K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05622	−0.089%	$126K	$325K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0579%	1h	0.05596	−0.558%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1452%	1h	0.05618	−0.163%	$2.6M	$1.0M	3x	as long as short