POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h +0.360%

Price spread now: Hyperliquid against Kraken Futures+0.512%7-day average +0.304% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.883%+$88 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now +0.512%, 7d avg +0.304%

Together, before fees+1.261%+ Points / potential airdropHyperliquid: Season 2 · farm board+$126 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.209% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.304%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POPCATUSD	0.05713	−0.0162	get 0.0020% / 1h	0m 46s	$153K	$155K	20x
Short	Hyperliquid POPCAT	0.05742	0.0227	get 0.0028% / 1h	0m 46s	$2.7M	$1.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.512%Rate

Funding earned: $81.64
Price spread: +0.512% → +0.304%: $20.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $83.52
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 37 min ago; Hyperliquid: live order book, just now. 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 Kraken Futures live order book, 37 min ago	19.09 bp	59.5 bp −$59	21917.2 bp −$219.2K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, just now	2.44 bp	doesn't fit	doesn't fit	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	−0.5000%	1h	0.05667	−0.801%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05737	+0.420%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSDlong	−0.0162%	1h	0.05713	long leg	$153K	$155K	20x
Lighter POPCAT	+0.0096%	1h	0.05734	+0.372%	$100K	$61K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05736	+0.405%	$2.6M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05725	+0.215%	$9.1M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05732	+0.337%	$696K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05733	+0.355%	$438K	$552K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05740	+0.477%	$1.9M	$1.1M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05733	+0.355%	$1.1M	$857K	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	0.05737	+0.425%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05733	+0.355%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05716	+0.052%	$485K	$180K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	+0.477%	$22K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05734	+0.366%	$93K	$745K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0140%	4h	0.05752	+0.683%	$258K	$500K	10x	as long as short
Hyperliquid POPCATshort	+0.0227%	1h	0.05742	+0.512%	$2.7M	$1.4M	3x
BloFin POPCAT-USDT	+0.0340%	4h	0.05744	+0.547%	$132K	$343K	50x	as long as short