POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.149%

Price spread now: Bybit against Lighter−0.180%7-day average −0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$700.701% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now −0.180%, 7d avg −0.170%

Together, before fees−0.738%+ Points / potential airdropLighter: Season 3 · farm board−$74 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POPCAT	0.05569	0.0096	pay 0.0012% / 1h	54m 39s	$101K	$45K	10x
Short	Bybit POPCATUSDT	0.05559	0.0100	get 0.0050% / 4h	54m 39s	$8.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Bybit against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.180%Rate

Slippage from Lighter: live order book, 78 min ago; Bybit: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 78 min ago	10.02 bp	10.9 bp −$11	83.2 bp −$832	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.62 bp	22.7 bp −$23	100.2 bp −$1,002	doesn't fit	doesn't fit

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	0.05471	−1.760%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0985%	1h	0.05521	−0.870%	$144K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05570	+0.023%	$1	—	10x	as long as short
Lighter POPCATlong	+0.0096%	1h	0.05569	long leg	$101K	$45K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05572	+0.047%	$2.3M	$6.4M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05559	−0.180%	$8.9M	$5.9M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05573	+0.072%	$694K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05560	−0.162%	$438K	$610K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05569	0.000%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05560	−0.162%	$1.1M	$980K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05553	−0.287%	$1.2M	$894K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05571	+0.036%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05536	−0.588%	$508K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05544	−0.444%	$245K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05540	−0.521%	$22K	$647K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05570	+0.022%	$98K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05549	−0.359%	$123K	$286K	50x	as long as short
Hyperliquid POPCAT	+0.0582%	1h	0.05583	+0.244%	$2.6M	$987K	3x	as long as short