Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against OKX−0.036%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.036%, 7d avg +0.045%

Together, before fees+0.024%+$2 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: MEXC is 0.081% 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 +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05496	0.0100	pay 0.0050% / 4h	1h 25m	$682K	$1.4M	20x
Short	MEXC POPCAT_USDT	0.05494	0.0100	get 0.0050% / 4h	1h 25m	$1.9M	$925K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.045%: −$8.13
Slippage, 4 orders: −$95.48
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$117.6
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 1 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	4.55 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	6.37 bp	16.5 bp −$16	68.7 bp −$687	127.3 bp −$12.7K	264.2 bp −$132.1K

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	−0.3374%	1h	0.05443	−0.964%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0931%	1h	0.05491	−0.094%	$143K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05496	−0.008%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05496	0.000%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05499	+0.062%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05489	−0.127%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05496	long leg	$682K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05488	−0.146%	$432K	$674K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05494	−0.036%	$1.9M	$925K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05493	−0.055%	$1.1M	$997K	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	0.05493	−0.055%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05492	−0.073%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05489	−0.131%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05499	+0.056%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.073%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05495	−0.010%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05495	−0.018%	$123K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.0804%	1h	0.05504	+0.153%	$2.5M	$1.1M	3x	as long as short