Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.212%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2232.229% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.212%, 7d avg −0.038%

Together, before fees−0.356%−$36 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: Gate is 0.250% dearer against OKX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05658	0.0100	pay 0.0050% / 4h	3h 10m	$695K	$1.6M	20x
Short	Gate POPCAT_USDT	0.05670	0.0100	get 0.0050% / 4h	3h 10m	$446K	$637K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → −0.038%: $24.98
Slippage, 4 orders: −$197.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$197.88
Costs to cover: 2.229%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: 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, 1 min ago	5.29 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	9.69 bp	76.4 bp −$76	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	−0.4864%	1h	0.05611	−0.831%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05672	+0.253%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0129%	4h	0.05661	+0.061%	$509K	$164K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05663	+0.088%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05667	+0.154%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05653	−0.088%	$8.9M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05658	long leg	$695K	$1.6M	20x
Gate POPCAT_USDTshort	+0.0100%	4h	0.05670	+0.212%	$446K	$637K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05668	+0.177%	$1.8M	$997K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05670	+0.212%	$1.1M	$988K	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	0.05665	+0.124%	$1.2M	$943K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05667	+0.159%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05683	+0.442%	$253K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05680	+0.389%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05656	−0.028%	$98K	$321K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05680	+0.389%	$130K	$330K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0507%	1h	0.05670	+0.209%	$151K	$147K	20x	as long as short
Hyperliquid POPCAT	+0.0563%	1h	0.05669	+0.201%	$2.7M	$1.1M	3x	as long as short