POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.231%

Price spread now: Reya against Lighter−0.016%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POPCAT	0.05595	0.0096	pay 0.0012% / 1h	0m 49s	$100K	$52K	10x
Short	Reya POPCATRUSDPERP	0.05594	−0.0228	pay 0.0029% / 1h	0m 49s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.016%Rate

Funding earned: −$68.1
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$75.72
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 40 min ago; Reya: no order-book sample. 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 live order book, 40 min ago	19.74 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 17 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	−0.5000%	1h	0.05524	−1.269%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05594	−0.016%	$1	—	10x
Variational Omni POPCAT	−0.0024%	4h	0.05584	−0.205%	$506K	$161K	—	as long as short
Lighter POPCATlong	+0.0096%	1h	0.05595	long leg	$100K	$52K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05600	+0.096%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05586	−0.161%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05591	−0.071%	$691K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05596	+0.018%	$447K	$639K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05599	+0.071%	$1.8M	$977K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05599	+0.071%	$1.1M	$989K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05597	+0.036%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05596	+0.018%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05607	+0.213%	$246K	$496K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05600	+0.089%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05595	+0.008%	$96K	$525K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0637%	1h	0.05595	−0.003%	$150K	$147K	20x	as long as short
Hyperliquid POPCAT	+0.1068%	1h	0.05608	+0.225%	$2.6M	$1.0M	3x	as long as short