Funding you earn now, next payment 01:00 UTC−0.4716%/8h= −516.4% APRnext payment −$5.90 per $10,000 · paid last 24h −1.199%
Price spread now: Injective against Reya−0.994%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$141 a day on $10k at the current rate, and Injective is 0.994% cheaper against Reya than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POPCATRUSDPERP | 0.05629 | −0.0228 | get 0.0029% / 1h | 56m 30s | $1 | — | 10x |
| Short | Injective POPCAT/USDC PERP | 0.05573 | −0.4945 | pay 0.0618% / 1h | 56m 30s | $3K | $2K | 5.5x |
Reya POPCATRUSDPERP
Injective POPCAT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$990.44
- Price spread: −0.994% → 0.000%
- −$99.42
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,095.88
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Reya and Injective: 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 PERPshort | −0.4945% | 1h | 0.05573 | −0.994% | $3K | $2K | 5.5x | |
| Kraken Futures PF_POPCATUSD | −0.0395% | 1h | 0.05628 | −0.009% | $147K | $139K | 20x | as long as short |
| Reya POPCATRUSDPERPlong | −0.0228% | 1h | 0.05629 | long leg | $1 | — | 10x | |
| Lighter POPCAT | +0.0096% | 1h | 0.05630 | +0.018% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05635 | +0.107% | $2.3M | $6.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05621 | −0.141% | $8.9M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05627 | −0.035% | $701K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05630 | +0.018% | $430K | $629K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05633 | +0.072% | $1.8M | $936K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05630 | +0.018% | $1.1M | $987K | 50x | as long as short |
Kraken Futures PF_POPCATUSD
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05626 | −0.053% | $1.2M | $930K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05626 | −0.053% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05609 | −0.350% | $510K | $172K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | −0.159% | $23K | $649K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05632 | +0.053% | $99K | $435K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0124% | 4h | 0.05634 | +0.082% | $245K | $493K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05632 | +0.054% | $125K | $297K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0757% | 1h | 0.05641 | +0.210% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Hyperliquid POPCAT