Funding you earn now, next payment 22:00 UTC+0.4665%/8h= +510.8% APRnext payment +$5.83 per $10,000 · paid last 24h +1.452%
Price spread now: Lighter against Injective+1.216%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+5.003%+$500 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$140 a day on $10k at the current rate, and Lighter is 1.216% dearer against Injective than usual: you sell high and buy low: +$122 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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 | 0.05428 | −0.4569 | get 0.0571% / 1h | 27m 52s | $3K | $2K | 5.5x |
| Short | Lighter POPCAT | 0.05494 | 0.0096 | get 0.0012% / 1h | 27m 52s | $100K | $45K | 10x |
Injective POPCAT/USDC PERP
Lighter POPCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $979.6
- Price spread: +1.216% → 0.000%
- $121.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1,101.17
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 53 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 Lighter live order book, 53 min ago | 14.50 bp | 14.5 bp −$15 | 442.2 bp −$4,422 | 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 | −0.4569% | 1h | 0.05428 | long leg | $3K | $2K | 5.5x | |
| Kraken Futures PF_POPCATUSD | −0.1070% | 1h | 0.05481 | +0.968% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05495 | +1.226% | $1 | — | 10x | as long as short |
| Lighter POPCATshort | +0.0096% | 1h | 0.05494 | +1.216% | $100K | $45K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05501 | +1.348% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05493 | +1.197% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05498 | +1.290% | $676K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05490 | +1.142% | $416K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05501 | +1.345% | $1.9M | $918K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05494 | +1.216% | $1.1M | $992K | 50x | as long as short |
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05493 | +1.197% | $1.1M | $884K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05499 | +1.308% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05484 | +1.036% | $502K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05498 | +1.293% | $244K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05490 | +1.142% | $22K | $644K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05494 | +1.219% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05501 | +1.345% | $124K | $284K | 50x | as long as short |
| Hyperliquid POPCAT | +0.1424% | 1h | 0.05508 | +1.472% | $2.5M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT