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 0.000%

Price spread now: Variational Omni against OKX−0.158%7-day average −0.075% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.158%, 7d avg −0.075%

Together, before fees+0.248%+ Points / potential airdropVariational Omni: Active · farm board+$25 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: Variational Omni is 0.084% 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 −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05489	0.0100	pay 0.0050% / 4h	2h 31m	$675K	$1.4M	20x
Short	Variational Omni POPCAT	0.05480	0.0100	get 0.0050% / 4h	2h 31m	$501K	$174K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.075%: −$8.38
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 57 min ago. Net counts fees only.

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	1.82 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 57 min ago	8.13 bp	doesn't fit	91.2 bp −$912	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	−0.4569%	1h	0.05428	−1.111%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1070%	1h	0.05481	−0.148%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05495	+0.114%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05491	+0.036%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05496	+0.121%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05486	−0.055%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05489	long leg	$675K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05490	+0.018%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05495	+0.109%	$1.9M	$913K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05491	+0.036%	$1.1M	$992K	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	0.05489	0.000%	$1.1M	$884K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05489	0.000%	—	$6.8M	—	as long as short
Variational Omni POPCATshort	+0.0100%	4h	0.05480	−0.158%	$501K	$174K	—
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.161%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+0.018%	$22K	$642K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05493	+0.071%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05501	+0.219%	$124K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.1400%	1h	0.05504	+0.281%	$2.5M	$1.1M	3x	as long as short