POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.72 per $10,000 · paid last 24h −0.002%

Price spread now: GRVT against KuCoin+0.263%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$509as in the Funding arb table

Net, price: spread back to 7d avg − costs−$494as in the Price arb table

costs, in and out, $10k−$5115.110% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.425%+$43 · spread now +0.263%, 7d avg +0.089%

Together, before fees+0.449%+ Points / potential airdropGRVT: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.174% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05709	0.0100	pay 0.0050% / 4h	3h 46m	$1.1M	$858K	50x
Short	GRVT POPCAT_USDT_Perp	0.05724	0.0244	get 0.0122% / 4h	3h 46m	$258K	$479K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.263%Rate

Funding earned: $30.24
Price spread: +0.263% → +0.089%: $17.36
Slippage, 4 orders: −$490.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$463.45
Costs to cover: 5.110%
Break-even: 114.3 days

Slippage from KuCoin: live order book, 8 min ago; GRVT: live order book, 51 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, 8 min ago	11.41 bp	182.6 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 51 min ago	5.19 bp	103.4 bp −$103	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	−0.4200%	1h	0.05655	−0.946%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1110%	1h	0.05706	−0.057%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05711	+0.037%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05707	−0.035%	$99K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05712	+0.056%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05708	−0.015%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05700	−0.158%	$9.0M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05706	−0.053%	$693K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05707	−0.035%	$435K	$448K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05709	0.000%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05709	long leg	$1.1M	$858K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05709	0.000%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05707	−0.035%	—	$6.9M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05717	+0.141%	$482K	$179K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	+0.018%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05706	−0.052%	$92K	$745K	10x	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0244%	4h	0.05724	+0.263%	$258K	$479K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05722	+0.228%	$132K	$340K	50x	as long as short