POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.83 per $10,000 · paid last 24h −0.008%

Price spread now: Variational Omni against MEXC−0.704%7-day average −0.137% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.699%+$70 · spread now −0.704%, 7d avg −0.137%

Together, before fees+0.690%+ Points / potential airdropVariational Omni: Active · farm board+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.567% cheaper against MEXC than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.137%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05761	0.0100	pay 0.0050% / 4h	1h 58m	$1.9M	$1.0M	200x
Short	Variational Omni POPCAT	0.05720	−0.0067	pay 0.0033% / 4h	1h 58m	$486K	$176K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.704%Rate

Funding earned: −$35.02
Price spread: −0.704% → −0.137%: −$56.73
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$95.75
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 51 min ago. Net counts fees only.

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, 3 min ago	6.10 bp	15.6 bp −$16	75.0 bp −$750	142.5 bp −$14.3K	269.5 bp −$134.7K
Sell Variational Omni RFQ quote, 51 min ago	7.13 bp	doesn't fit	90.9 bp −$909	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	−0.4288%	1h	0.05642	−2.066%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05759	−0.030%	$1	—	10x	as long as short
Variational Omni POPCATshort	−0.0067%	4h	0.05720	−0.704%	$486K	$176K	—
Lighter POPCAT	+0.0096%	1h	0.05749	−0.208%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05759	−0.035%	$2.5M	$7.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05754	−0.122%	$9.0M	$7.0M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05754	−0.122%	$698K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05764	+0.052%	$447K	$569K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05761	long leg	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05760	−0.017%	$1.1M	$1.0M	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	0.05751	−0.174%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05757	−0.069%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.538%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05752	−0.159%	$95K	$384K	10x	as long as short
Hyperliquid POPCAT	+0.0185%	1h	0.05769	+0.142%	$2.7M	$1.4M	3x	as long as short
GRVT POPCAT_USDT_Perp	+0.0300%	4h	0.05742	−0.335%	$249K	$511K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05748	−0.226%	$130K	$347K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0391%	1h	0.05753	−0.145%	$153K	$155K	20x	as long as short