POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.4374%/8h= +478.9% APRnext payment +$5.47 per $10,000 · paid last 24h +1.559%

Price spread now: Hyperliquid against Injective+1.589%93s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+4.924%+$492 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$131 a day on $10k at the current rate, and Hyperliquid is 1.589% dearer against Injective than usual: you sell high and buy low: +$159 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 93 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	Injective POPCAT/USDC PERP	0.05417	−0.3374	get 0.0422% / 1h	51m 34s	$3K	$2K	5.5x
Short	Hyperliquid POPCAT	0.05503	0.1000	get 0.0125% / 1h	51m 34s	$2.5M	$1.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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 InjectivebpFee HyperliquidbpOrdersPrice spread, now +1.589%Rate

Funding earned: $918.5
Price spread: +1.589% → 0.000%: $158.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1,068.43
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 10 min ago	2.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	−0.3374%	1h	0.05417	long leg	$3K	$2K	5.5x
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05483	+1.210%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05495	+1.433%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05493	+1.403%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05496	+1.458%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05489	+1.329%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05494	+1.421%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	+1.348%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05495	+1.440%	$1.9M	$919K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05492	+1.385%	$1.1M	$996K	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	0.05489	+1.329%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05494	+1.421%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05475	+1.062%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+1.490%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+1.348%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05492	+1.388%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05503	+1.588%	$124K	$284K	50x	as long as short
Hyperliquid POPCATshort	+0.1000%	1h	0.05503	+1.589%	$2.5M	$1.1M	3x