Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.151%

Price spread now: MEXC against KuCoin+0.018%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$459as in the Funding arb table

Net, price: spread back to 7d avg − costs−$434as in the Price arb table

costs, in and out, $10k−$4374.370% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.018%, 7d avg −0.010%

Together, before fees−0.127%−$13 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: MEXC is 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05626	0.0100	pay 0.0050% / 4h	20m 25s	$1.1M	$987K	50x
Short	MEXC POPCAT_USDT	0.05627	0.0100	get 0.0050% / 4h	20m 25s	$1.8M	$939K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.010%: $2.82
Slippage, 4 orders: −$420.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$434.16
Costs to cover: 4.370%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; MEXC: live order book, 1 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, 4 min ago	8.01 bp	225.4 bp −$225	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	5.33 bp	13.6 bp −$14	64.4 bp −$644	143.5 bp −$14.3K	267.9 bp −$133.9K

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	−0.4208%	1h	0.05563	−1.120%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0966%	1h	0.05626	+0.004%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05625	−0.010%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05625	−0.018%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05629	+0.059%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05620	−0.107%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05626	0.000%	$701K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05628	+0.036%	$430K	$644K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05627	+0.018%	$1.8M	$939K	200x
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05626	long leg	$1.1M	$987K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05625	−0.018%	$1.2M	$919K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05623	−0.053%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05611	−0.262%	$510K	$175K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.071%	$23K	$646K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05624	−0.041%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0138%	4h	0.05623	−0.053%	$255K	$483K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05606	−0.355%	$126K	$293K	50x	as long as short
Hyperliquid POPCAT	+0.0547%	1h	0.05637	+0.190%	$2.6M	$1.0M	3x	as long as short