Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX+0.079%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$2001.995% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.079%, 7d avg −0.018%

Together, before fees−0.169%+ Points / potential airdropExtended: Active · farm board−$17 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: Extended is 0.097% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05728	0.0100	pay 0.0050% / 4h	3h 56m	$697K	$1.7M	20x
Short	Extended POPCAT-USD	0.05733	0.0104	get 0.0013% / 1h	56m 39s	$93K	$745K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0.84
Price spread: +0.079% → −0.018%: $9.68
Slippage, 4 orders: −$184.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$189.01
Costs to cover: 1.995%
Break-even: 1582.1 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 41 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, 5 min ago	6.97 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	4.34 bp	52.6 bp −$53	314.9 bp −$3,149	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	−0.4200%	1h	0.05676	−0.908%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1107%	1h	0.05719	−0.162%	$153K	$155K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05730	+0.038%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05737	+0.157%	$100K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05742	+0.250%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05735	+0.122%	$2.6M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05723	−0.087%	$9.1M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05728	long leg	$697K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05729	+0.017%	$437K	$447K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05741	+0.227%	$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	0.05733	+0.087%	$1.1M	$861K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05739	+0.192%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05730	+0.035%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05716	−0.214%	$485K	$180K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05739	+0.192%	$259K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	+0.035%	$22K	$657K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05733	+0.079%	$93K	$745K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05733	+0.087%	$133K	$342K	50x	as long as short