Funding you earn now, next payment 02:00 UTC−0.0962%/8h= −105.3% APRpaid last 24h −0.269%
Price spread now: Bitget against Hyperliquid−0.354%7-day average −0.139% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.366%−$37 on $10k
+Price spread, last 7 days+0.125%+$13 · spread now −0.354%, 7d avg −0.139%
=Together, before fees−0.240%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bitget is 0.215% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.139%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.366% in total (about -19.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POPCAT | 0.05614 | 0.1062 | pay 0.0133% / 1h | 10m 54s | $2.6M | $1.0M | 3x |
| Short | Bitget POPCATUSDT | 0.05594 | 0.0100 | get 0.0050% / 4h | 2h 10m | $1.2M | $940K | 50x |
Hyperliquid POPCAT
Bitget POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$201.97
- Price spread: −0.354% → −0.139%
- −$21.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$244.48
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Bitget: live order book, just now. 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 Hyperliquid live order book, 10 min ago | 2.60 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 8.04 bp | 48.4 bp −$48 | 144.0 bp −$1,440 | 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 | −1.601% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05594 | −0.358% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0018% | 4h | 0.05583 | −0.550% | $506K | $161K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05602 | −0.212% | $101K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05599 | −0.265% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05594 | −0.354% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05604 | −0.176% | $692K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05602 | −0.212% | $448K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05600 | −0.248% | $1.8M | $976K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05594 | −0.354% | $1.1M | $991K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDTshort | +0.0100% | 4h | 0.05594 | −0.354% | $1.2M | $940K | 50x | |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05594 | −0.354% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05582 | −0.568% | $250K | $486K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05580 | −0.604% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05594 | −0.349% | $95K | $526K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0636% | 1h | 0.05600 | −0.245% | $150K | $149K | 20x | as long as short |
| Hyperliquid POPCATlong | +0.1062% | 1h | 0.05614 | long leg | $2.6M | $1.0M | 3x |
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD