POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.90 per $10,000 · paid last 24h −0.110%

Price spread now: Reya against Kraken Futures+1.049%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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 +$21 a day on $10k at the current rate, and Reya is 1.049% dearer against Kraken Futures than usual: you sell high and buy low: +$105 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	Kraken Futures PF_POPCATUSD	0.05410	−0.0945	get 0.0118% / 1h	58m 58s	$138K	$114K	20x
Short	Reya POPCATRUSDPERP	0.05467	−0.0228	pay 0.0029% / 1h	58m 58s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +1.049%Rate

Funding earned: $150.44
Price spread: +1.049% → 0.000%: $104.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $239.34
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 23 min ago; 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 Kraken Futures live order book, 23 min ago	25.41 bp	48.4 bp −$48	7334.1 bp −$73.3K	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 PERP	−0.3374%	1h	0.05417	+0.120%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSDlong	−0.0945%	1h	0.05410	long leg	$138K	$114K	20x
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05467	+1.049%	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05466	+1.026%	$99K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05473	+1.154%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05459	+0.897%	$8.7M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05460	+0.915%	$671K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05460	+0.915%	$414K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05472	+1.137%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05471	+1.119%	$1.1M	$995K	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	0.05466	+1.026%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05462	+0.952%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05458	+0.875%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05475	+1.192%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05480	+1.285%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05467	+1.044%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05466	+1.026%	$123K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.1295%	1h	0.05478	+1.255%	$2.5M	$1.1M	3x	as long as short