POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.75 per $10,000 · paid last 24h +0.012%

Price spread now: Variational Omni against GRVT−0.215%104s7-day average −0.229% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.215%, 7d avg −0.229%

Together, before fees−0.179%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.229%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POPCAT_USDT_Perp	0.05600	0.0100	pay 0.0050% / 4h	2h 05m	$245K	$496K	10x
Short	Variational Omni POPCAT	0.05588	−0.0049	pay 0.0025% / 4h	2h 05m	$506K	$161K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.215%Rate

Funding earned: −$31.3
Price spread: −0.215% → −0.229%: $1.4
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.9
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 62 min ago; Variational Omni: RFQ quote, 63 min ago. Net counts fees only.

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, 62 min ago	6.15 bp	32.2 bp −$32	6025.1 bp −$60.3K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	7.94 bp	doesn't fit	92.6 bp −$926	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	−1.350%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05598	−0.027%	$1	—	10x	as long as short
Variational Omni POPCATshort	−0.0049%	4h	0.05588	−0.215%	$506K	$161K	—
Lighter POPCAT	+0.0096%	1h	0.05598	−0.028%	$101K	$52K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05603	+0.068%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05589	−0.189%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05601	+0.025%	$692K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05592	−0.135%	$447K	$639K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05602	+0.043%	$1.8M	$976K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05598	−0.028%	$1.1M	$990K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05593	−0.117%	$1.2M	$938K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05594	−0.100%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perplong	+0.0100%	4h	0.05600	long leg	$245K	$496K	10x
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05580	−0.350%	$22K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05596	−0.061%	$96K	$525K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0636%	1h	0.05599	−0.011%	$150K	$148K	20x	as long as short
Hyperliquid POPCAT	+0.1078%	1h	0.05610	+0.188%	$2.6M	$1.0M	3x	as long as short