Funding you earn now, next payment 07:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.138%
Price spread now: BloFin against Kraken Futures+0.835%57s7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1961.956% of the position
Funding, last 7 days+0.551%+$55 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now +0.835%, 7d avg +0.173%
=The price spread pays, funding is against you. BloFin is 0.661% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.835% now, against its 7-day average of +0.173%): +$66 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 days. Mind the row above: over the last 7 days funding on this pair paid +0.551%, so the current rate has only just turned against you. The two prices were read 57 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 | Kraken Futures PF_POPCATUSD | 0.05733 | 0.0393 | pay 0.0049% / 1h | 55m 48s | $152K | $155K | 20x |
| Short | BloFin POPCAT-USDT | 0.05781 | 0.0340 | get 0.0170% / 4h | 1h 55m | $131K | $360K | 50x |
Kraken Futures PF_POPCATUSD
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.09
- Price spread: +0.835% → +0.173%
- $66.14
- Slippage, 4 orders
- −$173.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$140.59
- Costs to cover
- 1.956%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 52 min ago; BloFin: live order book, 29 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, 52 min ago | 25.84 bp | 73.7 bp −$74 | 20054.5 bp −$200.5K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 8.14 bp | 28.6 bp −$29 | 75.6 bp −$756 | doesn't fit | doesn't fit |
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 PERP | −0.4288% | 1h | 0.05642 | −1.590% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05737 | +0.068% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0050% | 4h | 0.05727 | −0.099% | $484K | $176K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05737 | +0.067% | $102K | $57K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05737 | +0.067% | $2.5M | $7.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05723 | −0.177% | $9.0M | $7.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05729 | −0.072% | $695K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05730 | −0.055% | $445K | $570K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05732 | −0.020% | $1.8M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05743 | +0.172% | $1.1M | $1.0M | 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 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05732 | −0.020% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05723 | −0.177% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05730 | −0.055% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05733 | −0.006% | $95K | $384K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0293% | 1h | 0.05739 | +0.106% | $2.7M | $1.4M | 3x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0300% | 4h | 0.05742 | +0.149% | $249K | $511K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05781 | +0.835% | $131K | $360K | 50x | |
| Kraken Futures PF_POPCATUSDlong | +0.0393% | 1h | 0.05733 | long leg | $152K | $155K | 20x |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT
GRVT POPCAT_USDT_Perp