POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.72 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against GRVT−0.262%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$513as in the Funding arb table

Net, price: spread back to 7d avg − costs−$528as in the Price arb table

costs, in and out, $10k−$5115.110% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.426%−$43 · spread now −0.262%, 7d avg −0.089%

Together, before fees−0.449%+ Points / potential airdropGRVT: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.173% cheaper against GRVT than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POPCAT_USDT_Perp	0.05724	0.0244	pay 0.0122% / 4h	3h 46m	$258K	$479K	10x
Short	KuCoin POPCATUSDTM	0.05709	0.0100	get 0.0050% / 4h	3h 46m	$1.1M	$858K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$30.24
Price spread: −0.262% → −0.089%: −$17.29
Slippage, 4 orders: −$490.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$558.58
Costs to cover: 5.110%
Break-even: never at this rate

Slippage from GRVT: live order book, 51 min ago; KuCoin: live order book, 8 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, 51 min ago	5.19 bp	54.0 bp −$54	15571.2 bp −$155.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	11.41 bp	171.0 bp −$171	700.3 bp −$7,003	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	−0.4200%	1h	0.05655	−1.205%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1110%	1h	0.05706	−0.319%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05711	−0.225%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05707	−0.297%	$99K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05712	−0.206%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05708	−0.277%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05700	−0.419%	$9.0M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05706	−0.314%	$693K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05707	−0.297%	$435K	$448K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05709	−0.262%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05709	−0.262%	$1.1M	$858K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05709	−0.262%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05707	−0.297%	—	$6.9M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05717	−0.121%	$482K	$179K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	−0.245%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05706	−0.314%	$92K	$745K	10x	as long as short
GRVT POPCAT_USDT_Perplong	+0.0244%	4h	0.05724	long leg	$258K	$479K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05722	−0.035%	$132K	$340K	50x	as long as short