Funding you earn now, next payment 06:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.089%
Price spread now: Extended against Kraken Futures+0.029%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2662.664% of the position
Funding, last 7 days+0.510%+$51 on $10k
+Price spread, last 4 days (all we have)+0.907%+$91 · spread now +0.029%, 7d avg +0.108%
=Together, before fees+1.417%+ Points / potential airdropExtended: Active · farm board+$142 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.510%, 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 | 0.05670 | 0.0407 | pay 0.0051% / 1h | 12m 56s | $150K | $155K | 20x |
| Short | Extended POPCAT-USD | 0.05672 | 0.0104 | get 0.0013% / 1h | 12m 56s | $97K | $414K | 10x |
Kraken Futures PF_POPCATUSD
Extended POPCAT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$63.62
- Price spread: +0.029% → +0.108%
- −$7.84
- Slippage, 4 orders
- −$251.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$337.85
- Costs to cover
- 2.664%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; Extended: live order book, 35 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, 34 min ago | 25.84 bp | 73.7 bp −$74 | 20054.5 bp −$200.5K | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 2.67 bp | 45.7 bp −$46 | 302.4 bp −$3,024 | 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 | −0.4088% | 1h | 0.05525 | −2.566% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05671 | +0.015% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0032% | 4h | 0.05661 | −0.166% | $481K | $175K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05671 | +0.009% | $101K | $57K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05674 | +0.062% | $2.5M | $7.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05662 | −0.150% | $8.9M | $6.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05670 | −0.009% | $689K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05670 | −0.009% | $443K | $649K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05675 | +0.079% | $1.8M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05680 | +0.168% | $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 | 0.05670 | −0.009% | $1.2M | $978K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05670 | −0.009% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05680 | +0.168% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USDshort | +0.0104% | 1h | 0.05672 | +0.029% | $97K | $414K | 10x | |
| GRVT POPCAT_USDT_Perp | +0.0182% | 4h | 0.05674 | +0.068% | $256K | $500K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0231% | 1h | 0.05680 | +0.166% | $2.6M | $1.4M | 3x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05674 | +0.062% | $126K | $342K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0407% | 1h | 0.05670 | long leg | $150K | $155K | 20x |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT
BloFin POPCAT-USDT