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% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.195%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1711.707% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.195%, 7d avg +0.059%

Together, before fees−0.059%−$6 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: ApeX Omni is 0.136% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05639	0.0100	pay 0.0050% / 4h	42m 59s	$705K	$1.5M	20x
Short	ApeX Omni POPCATUSDT	0.05650	0.0100	get 0.0013% / 1h	42m 59s	$23K	$647K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → +0.059%: $13.59
Slippage, 4 orders: −$150.67
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$157.08
Costs to cover: 1.707%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 35 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 OKX live order book, 4 min ago	2.66 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	18.18 bp	34.5 bp −$34	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	−0.4208%	1h	0.05558	−1.436%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0968%	1h	0.05616	−0.402%	$149K	$120K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05635	−0.079%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05635	−0.071%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05634	−0.089%	$2.4M	$6.4M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05621	−0.319%	$8.9M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05639	long leg	$705K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05634	−0.089%	$430K	$637K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05638	−0.018%	$1.9M	$926K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05639	0.000%	$1.1M	$982K	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	0.05631	−0.142%	$1.2M	$886K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05635	−0.071%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05623	−0.287%	$513K	$178K	—	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05650	+0.195%	$23K	$647K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05632	−0.124%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0228%	4h	0.05642	+0.053%	$254K	$482K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05642	+0.053%	$123K	$291K	50x	as long as short
Hyperliquid POPCAT	+0.0543%	1h	0.05649	+0.183%	$2.6M	$1.0M	3x	as long as short