Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against MEXC−0.303%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.303%, 7d avg −0.158%

Together, before fees+0.126%+$13 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: Bybit is 0.146% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05606	0.0100	pay 0.0050% / 4h	1h 38m	$1.8M	$952K	200x
Short	Bybit POPCATUSDT	0.05589	0.0100	get 0.0050% / 4h	1h 38m	$8.8M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.303%Rate

Funding earned: $0
Price spread: −0.303% → −0.158%: −$14.56
Slippage, 4 orders: −$59.43
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bybit: live order book, 5 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, 9 min ago	4.47 bp	12.2 bp −$12	54.1 bp −$541	114.2 bp −$11.4K	252.3 bp −$126.1K
Sell Bybit live order book, 5 min ago	1.78 bp	23.5 bp −$23	94.5 bp −$945	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	0.05514	−1.641%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05605	−0.022%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0057%	4h	0.05593	−0.234%	$508K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05605	−0.018%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05603	−0.054%	$2.3M	$6.9M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05589	−0.303%	$8.8M	$6.3M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05601	−0.089%	$692K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05603	−0.054%	$447K	$635K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05606	long leg	$1.8M	$952K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05609	+0.054%	$1.1M	$986K	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	0.05605	−0.018%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05598	−0.143%	—	$6.7M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05617	+0.197%	$251K	$495K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05600	−0.107%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05603	−0.058%	$95K	$529K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0295%	1h	0.05602	−0.064%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05609	+0.054%	$123K	$324K	50x	as long as short
Hyperliquid POPCAT	+0.0937%	1h	0.05610	+0.071%	$2.6M	$997K	3x	as long as short