POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0864%/8h= +94.6% APRnext payment +$1.08 per $10,000 · paid last 24h +0.030%

Price spread now: Kraken Futures against Reya−0.044%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 Kraken Futures

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 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.044% cheaper against Reya than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05603	−0.0228	get 0.0029% / 1h	42m 03s	$1	—	10x
Short	Kraken Futures PF_POPCATUSD	0.05601	0.0636	get 0.0080% / 1h	42m 03s	$149K	$146K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.044%Rate

Funding earned: $181.52
Price spread: −0.044% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $161.17
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 25 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 Kraken Futures live order book, 25 min ago	14.08 bp	44.0 bp −$44	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	−0.5000%	1h	0.05540	−1.131%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05603	long leg	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05597	−0.114%	$101K	$52K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05607	+0.058%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05593	−0.186%	$8.8M	$6.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05602	−0.025%	$691K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05599	−0.078%	$449K	$628K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05604	+0.011%	$1.8M	$963K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05608	+0.082%	$1.1M	$991K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05601	−0.043%	$1.2M	$938K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX POPCAT-USDT	+0.0100%	4h	0.05596	−0.132%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05626	+0.406%	$511K	$162K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05649	+0.814%	$247K	$485K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.653%	$22K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05601	−0.049%	$95K	$525K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05654	+0.903%	$125K	$301K	50x	as long as short
Kraken Futures PF_POPCATUSDshort	+0.0636%	1h	0.05601	−0.044%	$149K	$146K	20x
Hyperliquid POPCAT	+0.1301%	1h	0.05609	+0.102%	$2.6M	$985K	3x	as long as short