Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.098%

Price spread now: OKX against Reya+0.004%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 OKX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05498	−0.0228	get 0.0029% / 1h	15m 55s	$1	—	10x
Short	OKX POPCAT-USDT-SWAP	0.05498	0.0100	get 0.0050% / 4h	1h 15m	$682K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $68.94
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $53.33
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	5.46 bp	38.4 bp −$38	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	−0.3374%	1h	0.05443	−0.996%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0931%	1h	0.05488	−0.179%	$143K	$118K	20x	as long as short
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05498	long leg	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05496	−0.032%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05504	+0.113%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05488	−0.178%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05498	+0.004%	$682K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05489	−0.160%	$432K	$674K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05504	+0.113%	$1.9M	$926K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05498	+0.004%	$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	0.05498	+0.004%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05494	−0.069%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05488	−0.172%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05504	+0.112%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.040%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05497	−0.007%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05499	+0.022%	$123K	$282K	50x	as long as short
Hyperliquid POPCAT	+0.0841%	1h	0.05512	+0.251%	$2.5M	$1.1M	3x	as long as short