Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC−0.146%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3253.250% of the position

Long on MEXC Short on Gate

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)+0.015%+$1 · spread now −0.146%, 7d avg −0.085%

Together, before fees+0.014%+$1 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: Gate is 0.061% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05495	0.0100	pay 0.0050% / 4h	1h 10m	$1.9M	$928K	200x
Short	Gate POPCAT_USDT	0.05487	0.0100	get 0.0050% / 4h	1h 10m	$432K	$674K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.085%: −$6.05
Slippage, 4 orders: −$305.97
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$331.02
Costs to cover: 3.250%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: 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, 1 min ago	1.82 bp	9.8 bp −$10	58.1 bp −$581	134.1 bp −$13.4K	260.3 bp −$130.1K
Sell Gate live order book, 5 min ago	1.82 bp	109.5 bp −$109	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	−0.3374%	1h	0.05443	−0.946%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0937%	1h	0.05454	−0.745%	$142K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05488	−0.136%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05488	−0.127%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05492	−0.057%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05481	−0.255%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05486	−0.164%	$681K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05487	−0.146%	$432K	$674K	50x
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05495	long leg	$1.9M	$928K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05491	−0.073%	$1.1M	$984K	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	0.05489	−0.109%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05487	−0.146%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05487	−0.140%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05503	+0.146%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.091%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05487	−0.143%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05496	+0.018%	$123K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.0870%	1h	0.05498	+0.049%	$2.5M	$1.1M	3x	as long as short