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: OKX against MEXC0.000%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1151.154% of the position

Long on MEXC Short on OKX

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−0.108%−$11 · spread now 0.000%, 7d avg −0.063%

Together, before fees−0.109%−$11 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: OKX is 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05646	0.0100	pay 0.0050% / 4h	1h 11m	$1.8M	$959K	200x
Short	OKX POPCAT-USDT-SWAP	0.05646	0.0100	get 0.0050% / 4h	1h 11m	$699K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.063%: $6.27
Slippage, 4 orders: −$101.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.17
Costs to cover: 1.154%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 1 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	7.06 bp	18.0 bp −$18	67.0 bp −$670	126.4 bp −$12.6K	260.9 bp −$130.4K
Sell OKX live order book, 1 min ago	6.21 bp	39.2 bp −$39	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	−0.4257%	1h	0.05587	−1.045%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05639	−0.124%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0099%	4h	0.05619	−0.471%	$508K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05646	0.000%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05649	+0.061%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05638	−0.142%	$8.9M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05646	0.000%	$699K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05641	−0.089%	$444K	$638K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05646	long leg	$1.8M	$959K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05635	−0.195%	$1.1M	$985K	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	0.05639	−0.124%	$1.2M	$940K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05641	−0.089%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	+0.248%	$22K	$649K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05640	−0.114%	$96K	$526K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0146%	4h	0.05660	+0.248%	$250K	$493K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0293%	1h	0.05650	+0.079%	$151K	$147K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05645	−0.018%	$125K	$326K	50x	as long as short
Hyperliquid POPCAT	+0.0852%	1h	0.05664	+0.312%	$2.6M	$997K	3x	as long as short