Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.011%

Price spread now: BloFin against Lighter+0.229%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.356%−$36 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.229% dearer against Lighter than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.356%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POPCAT	0.05668	0.0096	pay 0.0012% / 1h	50m 55s	$96K	$49K	10x
Short	BloFin POPCAT-USDT	0.05681	0.0340	get 0.0170% / 4h	50m 55s	$132K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now +0.229%Rate

Funding earned: $51.24
Price spread: +0.229% → 0.000%: $22.94
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $62.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 49 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin live order book, 49 min ago	8.78 bp	19.0 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit

Lighter: 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 exchanges

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	−0.4412%	1h	0.05667	−0.018%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0363%	1h	0.05673	+0.083%	$151K	$123K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05671	+0.057%	$1	—	10x	as long as short
Lighter POPCATlong	+0.0096%	1h	0.05668	long leg	$96K	$49K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05674	+0.106%	$2.5M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05668	0.000%	$9.1M	$6.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05671	+0.053%	$682K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05669	+0.018%	$421K	$457K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05671	+0.053%	$1.8M	$935K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05672	+0.071%	$1.1M	$767K	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05673	+0.088%	$1.2M	$782K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05669	+0.018%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05695	+0.485%	$542K	$184K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05709	+0.726%	$252K	$452K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	+0.741%	$21K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05665	−0.047%	$92K	$743K	10x	as long as short
Hyperliquid POPCAT	+0.0298%	1h	0.05675	+0.131%	$2.7M	$1.3M	3x	as long as short
BloFin POPCAT-USDTshort	+0.0340%	4h	0.05681	+0.229%	$132K	$295K	50x