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: Binance against OKX+0.178%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on OKX Short on Binance

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−0.074%−$7 · spread now +0.178%, 7d avg +0.068%

Together, before fees−0.073%−$7 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: Binance is 0.110% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05606	0.0100	pay 0.0050% / 4h	1h 39m	$693K	$1.5M	20x
Short	Binance POPCATUSDT	0.05616	0.0100	get 0.0050% / 4h	1h 39m	$2.3M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.068%: $10.99
Slippage, 4 orders: −$113.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.34
Costs to cover: 1.333%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 14 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, 2 min ago	4.46 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.69 bp	23.0 bp −$23	72.7 bp −$727	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	0.05514	−1.641%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05608	+0.027%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0057%	4h	0.05593	−0.234%	$508K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05609	+0.054%	$101K	$51K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05616	+0.178%	$2.3M	$6.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05595	−0.196%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05606	long leg	$693K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05618	+0.214%	$448K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05612	+0.107%	$1.8M	$952K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05617	+0.196%	$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	0.05610	+0.071%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05606	0.000%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05617	+0.197%	$251K	$495K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05600	−0.107%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05611	+0.093%	$95K	$529K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0295%	1h	0.05609	+0.055%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05610	+0.071%	$123K	$324K	50x	as long as short
Hyperliquid POPCAT	+0.0996%	1h	0.05621	+0.262%	$2.6M	$997K	3x	as long as short