Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.035%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.035%, 7d avg −0.011%

Together, before fees+0.040%+$4 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: BingX is 0.024% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05726	0.0100	pay 0.0050% / 4h	3h 58m	$695K	$1.7M	20x
Short	BingX POPCAT-USDT	0.05724	0.0100	get 0.0050% / 4h	3h 58m	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.011%: −$2.36
Slippage, 4 orders: −$115.36
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$137.72
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: 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 OKX live order book, 3 min ago	6.97 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.09 bp	31.4 bp −$31	71.1 bp −$711	502.3 bp −$50.2K	805.8 bp −$402.9K

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	−0.4200%	1h	0.05687	−0.681%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1107%	1h	0.05723	−0.049%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05727	+0.017%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05726	0.000%	$100K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05734	+0.136%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05732	+0.099%	$2.6M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05721	−0.087%	$9.1M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05726	long leg	$695K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05721	−0.087%	$437K	$447K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05731	+0.087%	$1.9M	$1.0M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05730	+0.070%	$1.1M	$860K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05732	+0.105%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05724	−0.035%	—	$6.9M	—
Variational Omni POPCAT	+0.0100%	4h	0.05716	−0.179%	$485K	$180K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	+0.244%	$22K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05726	−0.007%	$93K	$745K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0138%	4h	0.05744	+0.312%	$259K	$480K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05732	+0.105%	$132K	$342K	50x	as long as short