Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.099%

Price spread now: MEXC against Reya+0.121%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and MEXC is 0.121% dearer against Reya than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05619	−0.0228	get 0.0029% / 1h	54m 07s	$1	—	10x
Short	MEXC POPCAT_USDT	0.05626	0.0100	get 0.0050% / 4h	3h 54m	$1.8M	$936K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.121%Rate

Funding earned: $68.94
Price spread: +0.121% → 0.000%: $12.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $71.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	6.21 bp	16.3 bp −$16	61.6 bp −$616	129.7 bp −$13.0K	257.7 bp −$128.8K

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	−0.4945%	1h	0.05301	−5.662%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0395%	1h	0.05626	+0.122%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05619	long leg	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05623	+0.068%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05629	+0.183%	$2.3M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05620	+0.015%	$8.9M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05628	+0.157%	$700K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05621	+0.032%	$430K	$629K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05626	+0.121%	$1.8M	$936K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05618	−0.021%	$1.1M	$988K	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	0.05621	+0.032%	$1.2M	$930K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05628	+0.157%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05624	+0.090%	$510K	$171K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	+0.015%	$23K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05621	+0.035%	$99K	$435K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05637	+0.317%	$124K	$297K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0730%	4h	0.05638	+0.336%	$245K	$493K	10x	as long as short
Hyperliquid POPCAT	+0.0821%	1h	0.05639	+0.358%	$2.6M	$1.0M	3x	as long as short