POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4716%/8h= +516.4% APRnext payment +$5.90 per $10,000 · paid last 24h +1.199%

Price spread now: Reya against Injective+1.067%7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$141 a day on $10k at the current rate, and Reya is 1.067% dearer against Injective than usual: you sell high and buy low: +$107 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POPCAT/USDC PERP	0.05573	−0.4945	get 0.0618% / 1h	57m 03s	$3K	$2K	5.5x
Short	Reya POPCATRUSDPERP	0.05632	−0.0228	pay 0.0029% / 1h	57m 03s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +1.067%Rate

Funding earned: $990.44
Price spread: +1.067% → 0.000%: $106.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $1,091.14
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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	−0.4945%	1h	0.05573	long leg	$3K	$2K	5.5x
Kraken Futures PF_POPCATUSD	−0.0395%	1h	0.05628	+0.995%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05632	+1.067%	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05632	+1.059%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05636	+1.130%	$2.3M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05621	+0.861%	$8.9M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05630	+1.023%	$701K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05629	+1.005%	$430K	$629K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05636	+1.130%	$1.8M	$936K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05630	+1.023%	$1.1M	$987K	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	0.05626	+0.951%	$1.2M	$930K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05624	+0.915%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05609	+0.650%	$510K	$172K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	+0.843%	$23K	$649K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05631	+1.035%	$99K	$435K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0124%	4h	0.05634	+1.087%	$245K	$493K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05632	+1.059%	$125K	$297K	50x	as long as short
Hyperliquid POPCAT	+0.0763%	1h	0.05640	+1.195%	$2.6M	$1.0M	3x	as long as short