POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1366%/8h= +149.5% APRnext payment +$1.71 per $10,000 · paid last 24h +0.373%

Price spread now: Hyperliquid against Reya−0.040%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.040% cheaper against Reya than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$41 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05654	−0.0228	get 0.0029% / 1h	27m 55s	$1	—	10x
Short	Hyperliquid POPCAT	0.05652	0.1137	get 0.0142% / 1h	27m 55s	$2.6M	$1.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now −0.040%Rate

Funding earned: $286.8
Price spread: −0.040% → 0.000%: −$4.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $267.77
Costs to cover: 0.150%
Break-even: 0.5 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	1.68 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4247%	1h	0.05544	−1.947%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05654	long leg	$1	—	10x
Variational Omni POPCAT	−0.0009%	4h	0.05639	−0.266%	$508K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05649	−0.090%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05651	−0.047%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05635	−0.337%	$8.9M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05649	−0.090%	$700K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05662	+0.140%	$448K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05649	−0.090%	$1.8M	$965K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05654	−0.001%	$1.1M	$982K	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	0.05648	−0.108%	$1.2M	$938K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05646	−0.143%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	−0.603%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05649	−0.084%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0214%	4h	0.05650	−0.074%	$249K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05657	+0.052%	$125K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0574%	1h	0.05648	−0.111%	$151K	$146K	20x	as long as short
Hyperliquid POPCATshort	+0.1137%	1h	0.05652	−0.040%	$2.6M	$1.0M	3x