POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.077%

Price spread now: MEXC against GRVT−0.285%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1611.615% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now −0.285%, 7d avg −0.101%

Together, before fees−0.561%+ Points / potential airdropGRVT: Active · farm board−$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.183% cheaper against GRVT than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POPCAT_USDT_Perp	0.05618	0.0118	pay 0.0059% / 4h	1h 37m	$251K	$495K	10x
Short	MEXC POPCAT_USDT	0.05602	0.0100	get 0.0050% / 4h	1h 37m	$1.8M	$952K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.285%Rate

Funding earned: −$3.78
Price spread: −0.285% → −0.101%: −$18.34
Slippage, 4 orders: −$148.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$183.57
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from GRVT: live order book, 25 min ago; MEXC: live order book, 9 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, 25 min ago	2.67 bp	60.9 bp −$61	33945.7 bp −$339.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	4.47 bp	14.7 bp −$15	73.4 bp −$734	135.1 bp −$13.5K	267.1 bp −$133.5K

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	−1.851%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05612	−0.102%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0057%	4h	0.05593	−0.447%	$508K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05603	−0.267%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05606	−0.211%	$2.3M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05601	−0.303%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05614	−0.071%	$692K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05602	−0.285%	$447K	$635K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05602	−0.285%	$1.8M	$952K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05608	−0.178%	$1.1M	$986K	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	0.05610	−0.142%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05598	−0.356%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05610	−0.142%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05604	−0.245%	$95K	$529K	10x	as long as short
GRVT POPCAT_USDT_Perplong	+0.0118%	4h	0.05618	long leg	$251K	$495K	10x
Kraken Futures PF_POPCATUSD	+0.0295%	1h	0.05602	−0.278%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05609	−0.160%	$123K	$324K	50x	as long as short
Hyperliquid POPCAT	+0.0925%	1h	0.05625	+0.133%	$2.6M	$997K	3x	as long as short