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 +0.078%

Price spread now: GRVT against OKX−0.406%7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6,514as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,594as in the Price arb table

costs, in and out, $10k−$6,53865.384% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)+0.751%+$75 · spread now −0.406%, 7d avg +0.149%

Together, before fees+0.990%+ Points / potential airdropGRVT: Active · farm board+$99 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: GRVT is 0.554% cheaper against OKX than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05672	0.0100	pay 0.0050% / 4h	3h 54m	$701K	$1.5M	20x
Short	GRVT POPCAT_USDT_Perp	0.05649	0.0100	get 0.0050% / 4h	3h 54m	$252K	$502K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.406%Rate

Funding earned: $0
Price spread: −0.406% → +0.149%: −$55.41
Slippage, 4 orders: −$6,519.37
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6,593.79
Costs to cover: 65.384%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; GRVT: live order book, 63 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	4.44 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 63 min ago	10.73 bp	57.2 bp −$57	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	0.05579	−1.640%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05668	−0.065%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0106%	4h	0.05630	−0.749%	$508K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05668	−0.071%	$102K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05672	0.000%	$2.4M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05658	−0.247%	$8.9M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05672	long leg	$701K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05663	−0.159%	$445K	$630K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05673	+0.018%	$1.8M	$964K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05663	−0.159%	$1.1M	$979K	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	0.05663	−0.159%	$1.2M	$936K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05665	−0.123%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perpshort	+0.0100%	4h	0.05649	−0.406%	$252K	$502K	10x
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	−0.564%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05668	−0.072%	$96K	$523K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05654	−0.317%	$127K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0508%	1h	0.05668	−0.072%	$151K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.0625%	1h	0.05676	+0.063%	$2.6M	$1.0M	3x	as long as short