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 +0.114%

Price spread now: KuCoin against MEXC+0.089%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$375as in the Price arb table

costs, in and out, $10k−$3833.827% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.089%, 7d avg +0.007%

Together, before fees+0.025%+$2 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: KuCoin is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05588	0.0100	pay 0.0050% / 4h	2h 40m	$1.8M	$964K	200x
Short	KuCoin POPCATUSDTM	0.05593	0.0100	get 0.0050% / 4h	2h 40m	$1.1M	$992K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.007%: $8.22
Slippage, 4 orders: −$366.75
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$374.53
Costs to cover: 3.827%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 9 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	6.24 bp	15.2 bp −$15	62.2 bp −$622	125.0 bp −$12.5K	258.8 bp −$129.4K
Sell KuCoin live order book, 9 min ago	6.18 bp	170.9 bp −$171	850.0 bp −$8,500	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	−0.5000%	1h	0.05540	−0.859%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05574	−0.257%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0073%	4h	0.05592	+0.074%	$507K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05588	0.000%	$100K	$52K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05595	+0.125%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05576	−0.215%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05588	0.000%	$689K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05580	−0.143%	$446K	$633K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05588	long leg	$1.8M	$964K	200x
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05593	+0.089%	$1.1M	$992K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05583	−0.089%	$1.2M	$940K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05568	−0.358%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05649	+1.092%	$247K	$485K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.752%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05582	−0.109%	$95K	$525K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05654	+1.181%	$125K	$301K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0638%	1h	0.05584	−0.074%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1257%	1h	0.05589	+0.025%	$2.6M	$990K	3x	as long as short