Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.076%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1491.491% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.076%, 7d avg −0.069%

Together, before fees−0.272%+ Points / potential airdropExtended: Active · farm board−$27 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: Extended is 0.144% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05713	0.0100	pay 0.0050% / 4h	3h 49m	$1.9M	$1.1M	200x
Short	Extended POPCAT-USD	0.05717	0.0104	get 0.0013% / 1h	49m 35s	$92K	$745K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0.84
Price spread: +0.076% → −0.069%: $14.43
Slippage, 4 orders: −$140.14
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$133.87
Costs to cover: 1.491%
Break-even: 1122.6 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 48 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, 2 min ago	3.49 bp	17.0 bp −$17	68.7 bp −$687	139.2 bp −$13.9K	268.0 bp −$134.0K
Sell Extended live order book, 48 min ago	4.34 bp	52.6 bp −$53	314.9 bp −$3,149	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	0.05655	−1.015%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1112%	1h	0.05697	−0.284%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05714	+0.011%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05711	−0.035%	$99K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05717	+0.070%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05714	+0.018%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05708	−0.088%	$9.0M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05717	+0.070%	$693K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05717	+0.070%	$436K	$448K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05713	long leg	$1.9M	$1.1M	200x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05715	+0.035%	$1.1M	$859K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05713	0.000%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05717	+0.070%	—	$6.9M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05717	+0.071%	$482K	$179K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05715	+0.042%	$258K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	−0.053%	$22K	$655K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05717	+0.076%	$92K	$745K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05714	+0.018%	$132K	$341K	50x	as long as short