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 +0.058%

Price spread now: KuCoin against OKX−0.053%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$429as in the Funding arb table

Net, price: spread back to 7d avg − costs−$464as in the Price arb table

costs, in and out, $10k−$4514.510% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.053%, 7d avg +0.074%

Together, before fees+0.340%+$34 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: KuCoin is 0.126% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05686	0.0100	pay 0.0050% / 4h	3h 24m	$700K	$1.6M	20x
Short	KuCoin POPCATUSDTM	0.05683	0.0100	get 0.0050% / 4h	3h 24m	$1.1M	$985K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.074%: −$12.64
Slippage, 4 orders: −$429.05
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$463.69
Costs to cover: 4.510%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: 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, 2 min ago	7.93 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.64 bp	199.8 bp −$200	869.1 bp −$8,691	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	0.05632	−0.950%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05682	−0.071%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0123%	4h	0.05665	−0.361%	$510K	$164K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05683	−0.053%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05688	+0.035%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05671	−0.264%	$8.9M	$6.6M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05686	long leg	$700K	$1.6M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05678	−0.141%	$445K	$634K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05687	+0.018%	$1.8M	$994K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05683	−0.053%	$1.1M	$985K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05685	−0.018%	$1.2M	$942K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05696	+0.176%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05702	+0.280%	$253K	$515K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05690	+0.070%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05682	−0.072%	$98K	$526K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05677	−0.158%	$130K	$330K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0506%	1h	0.05685	−0.011%	$151K	$147K	20x	as long as short
Hyperliquid POPCAT	+0.0574%	1h	0.05689	+0.056%	$2.7M	$1.1M	3x	as long as short