Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.058%

Price spread now: BingX against KuCoin−0.211%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$416as in the Funding arb table

Net, price: spread back to 7d avg − costs−$416as in the Price arb table

costs, in and out, $10k−$3953.947% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.211% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it 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	KuCoin POPCATUSDTM	0.05680	0.0100	pay 0.0050% / 4h	2h 12m	$1.1M	$1.0M	50x
Short	BingX POPCAT-USDT	0.05668	0.0100	get 0.0050% / 4h	2h 12m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.211%Rate

Funding earned: $0
Price spread: −0.211% → 0.000%: −$21.13
Slippage, 4 orders: −$372.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$415.79
Costs to cover: 3.947%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 10 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, 2 min ago	9.70 bp	169.1 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.43 bp	32.0 bp −$32	75.9 bp −$759	399.9 bp −$40.0K	736.3 bp −$368.2K

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	−2.729%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05671	−0.153%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0032%	4h	0.05661	−0.333%	$481K	$175K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05669	−0.194%	$101K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05675	−0.093%	$2.5M	$7.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05661	−0.335%	$8.9M	$6.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05670	−0.176%	$689K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05670	−0.176%	$443K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05673	−0.123%	$1.8M	$1.0M	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05680	long leg	$1.1M	$1.0M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05670	−0.176%	$1.2M	$978K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05668	−0.211%	—	$6.8M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05680	0.000%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05672	−0.138%	$97K	$414K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0182%	4h	0.05674	−0.100%	$256K	$500K	10x	as long as short
Hyperliquid POPCAT	+0.0236%	1h	0.05674	−0.097%	$2.6M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05674	−0.106%	$126K	$342K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0407%	1h	0.05670	−0.167%	$150K	$155K	20x	as long as short