Funding you earn now, next payment 02:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h +0.068%
Price spread now: Bitget against Kraken Futures+0.070%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1791.789% of the position
Funding, last 7 days+0.538%+$54 on $10k
+Price spread, last 3 days (all we have)+0.650%+$65 · spread now +0.070%, 7d avg +0.140%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.071% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.140%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.538%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05599 | 0.0636 | pay 0.0080% / 1h | 25m 11s | $150K | $149K | 20x |
| Short | Bitget POPCATUSDT | 0.05603 | 0.0100 | get 0.0050% / 4h | 2h 25m | $1.2M | $941K | 50x |
Kraken Futures PF_POPCATUSD
Bitget POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$112.63
- Price spread: +0.070% → +0.140%
- −$7.06
- Slippage, 4 orders
- −$156.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$298.59
- Costs to cover
- 1.789%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 42 min ago; Bitget: live order book, 1 min ago.
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 Kraken Futures live order book, 42 min ago | 14.08 bp | 61.6 bp −$62 | 18633.5 bp −$186.3K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.14 bp | 32.1 bp −$32 | 118.9 bp −$1,189 | 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 | −1.341% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05600 | +0.018% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0028% | 4h | 0.05595 | −0.081% | $507K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05600 | +0.016% | $101K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05603 | +0.064% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05590 | −0.163% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05594 | −0.091% | $692K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05600 | +0.016% | $446K | $636K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05604 | +0.087% | $1.8M | $970K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05599 | −0.002% | $1.1M | $990K | 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 | 0.05603 | +0.070% | $1.2M | $941K | 50x | |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05596 | −0.055% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05616 | +0.310% | $252K | $486K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | +0.373% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05596 | −0.047% | $98K | $524K | 10x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0636% | 1h | 0.05599 | long leg | $150K | $149K | 20x | |
| Hyperliquid POPCAT | +0.1083% | 1h | 0.05606 | +0.129% | $2.6M | $1.0M | 3x | as long as short |
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT