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 0.000%

Price spread now: Bitget against OKX−0.053%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1461.458% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.084%−$8 · spread now −0.053%, 7d avg +0.029%

Together, before fees−0.084%−$8 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: Bitget is 0.082% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05656	0.0100	pay 0.0050% / 4h	1m 14s	$698K	$1.5M	20x
Short	Bitget POPCATUSDT	0.05653	0.0100	get 0.0050% / 4h	1m 14s	$1.2M	$938K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.029%: −$8.17
Slippage, 4 orders: −$123.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.99
Costs to cover: 1.458%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago	4.46 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.14 bp	29.6 bp −$30	113.0 bp −$1,130	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	−0.4247%	1h	0.05563	−1.644%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05652	−0.074%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0080%	4h	0.05593	−1.113%	$505K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05653	−0.053%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05656	0.000%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05644	−0.212%	$8.9M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05656	long leg	$698K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05643	−0.230%	$445K	$637K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05656	0.000%	$1.8M	$971K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05645	−0.194%	$1.1M	$978K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05653	−0.053%	$1.2M	$938K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05647	−0.159%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	−0.460%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05651	−0.086%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0156%	4h	0.05637	−0.340%	$251K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05625	−0.548%	$126K	$327K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0573%	1h	0.05653	−0.049%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1089%	1h	0.05667	+0.194%	$2.6M	$1.0M	3x	as long as short