Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.059%
Price spread now: BloFin against MEXC+0.208%79s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.529%−$53 · spread now +0.208%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.210% dearer against MEXC than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC POPCAT_USDT | 0.05780 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.9M | $1.1M | 200x |
| Short | BloFin POPCAT-USDT | 0.05792 | 0.0340 | get 0.0170% / 4h | 3h 01m | $131K | $325K | 50x |
MEXC POPCAT_USDT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: +0.208% → −0.002%
- $21
- Slippage, 4 orders
- −$58.36
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.95
- Costs to cover
- 0.744%
- Break-even
- 7.4 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 8 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 | 5.18 bp | 12.7 bp −$13 | 30.0 bp −$300 | 109.7 bp −$11.0K | 245.4 bp −$122.7K |
| Sell BloFin live order book, 8 min ago | 9.51 bp | 24.3 bp −$24 | 60.7 bp −$607 | 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 | −0.4200% | 1h | 0.05670 | −1.903% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1098% | 1h | 0.05769 | −0.199% | $155K | $144K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05776 | −0.074% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05774 | −0.104% | $101K | $55K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0100% | 1h | 0.05778 | −0.033% | $2.7M | $1.3M | 3x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05779 | −0.021% | $2.6M | $7.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05765 | −0.260% | $9.2M | $7.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05773 | −0.121% | $697K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05770 | −0.173% | $435K | $515K | 50x | as long as short |
| MEXC POPCAT_USDTlong | +0.0100% | 4h | 0.05780 | long leg | $1.9M | $1.1M | 200x |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Hyperliquid POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05775 | −0.087% | $1.1M | $840K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05777 | −0.052% | $1.2M | $924K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05774 | −0.104% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05773 | −0.120% | $489K | $174K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05790 | +0.173% | $23K | $656K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05773 | −0.118% | $93K | $753K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05792 | +0.208% | $131K | $325K | 50x | |
| GRVT POPCAT_USDT_Perp | +0.0426% | 4h | 0.05791 | +0.190% | $261K | $485K | 10x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp