Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.152%

Price spread now: ApeX Omni against KuCoin+0.165%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$447as in the Price arb table

costs, in and out, $10k−$4644.644% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 3 days (all we have)+0.203%+$20 · spread now +0.165%, 7d avg −0.007%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.172% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05471	0.0100	pay 0.0050% / 4h	1h 59m	$1.1M	$995K	50x
Short	ApeX Omni POPCATUSDT	0.05480	0.0100	get 0.0013% / 1h	59m 29s	$22K	$645K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → −0.007%: $17.2
Slippage, 4 orders: −$442.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$447.21
Costs to cover: 4.644%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 24 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 KuCoin live order book, 5 min ago	6.39 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	27.20 bp	53.5 bp −$54	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	−0.4569%	1h	0.05437	−0.621%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1084%	1h	0.05406	−1.188%	$138K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05467	−0.069%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05464	−0.128%	$99K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05471	+0.005%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05460	−0.201%	$8.7M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05460	−0.201%	$671K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05460	−0.201%	$414K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05472	+0.018%	$1.9M	$917K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05471	long leg	$1.1M	$995K	50x

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	−0.091%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05461	−0.183%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05458	−0.241%	$500K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05475	+0.073%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05480	+0.165%	$22K	$645K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05464	−0.119%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05476	+0.091%	$124K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.1479%	1h	0.05476	+0.099%	$2.5M	$1.1M	3x	as long as short