Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against MEXC+0.337%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1251.249% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.337%, 7d avg +0.005%

Together, before fees+0.142%+$14 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: ApeX Omni is 0.332% dearer against MEXC than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05641	0.0100	pay 0.0050% / 4h	1h 11m	$1.8M	$959K	200x
Short	ApeX Omni POPCATUSDT	0.05660	0.0100	get 0.0013% / 1h	11m 25s	$22K	$649K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.337%Rate

Funding earned: $0
Price spread: +0.337% → +0.005%: $33.17
Slippage, 4 orders: −$110.9
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$91.73
Costs to cover: 1.249%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 52 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 MEXC live order book, 5 min ago	7.06 bp	18.0 bp −$18	67.0 bp −$670	126.4 bp −$12.6K	260.9 bp −$130.4K
Sell ApeX Omni live order book, 52 min ago	26.76 bp	45.1 bp −$45	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	−0.4257%	1h	0.05587	−0.957%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05639	−0.035%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0080%	4h	0.05649	+0.140%	$510K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05638	−0.053%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05640	−0.017%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05632	−0.160%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05640	−0.018%	$698K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05640	−0.018%	$444K	$638K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05641	long leg	$1.8M	$959K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05635	−0.106%	$1.1M	$985K	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	0.05639	−0.035%	$1.2M	$940K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05637	−0.071%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05660	+0.337%	$22K	$649K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05631	−0.181%	$96K	$526K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0146%	4h	0.05660	+0.337%	$250K	$493K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0294%	1h	0.05632	−0.156%	$150K	$147K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05665	+0.425%	$126K	$327K	50x	as long as short
Hyperliquid POPCAT	+0.0848%	1h	0.05655	+0.254%	$2.6M	$997K	3x	as long as short