Funding you earn now, next payment 04:00 UTC+0.0454%/8h= +49.7% APRnext payment +$2.27 per $10,000 · paid last 24h +0.039%
Price spread now: BloFin against Variational Omni+0.626%116s7-day average +0.144% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.530%−$53 · spread now +0.626%, 7d avg +0.144%
=Together, before fees−0.483%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.482% dearer against Variational Omni than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.144%. The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.047% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni POPCAT | 0.05587 | −0.0114 | get 0.0057% / 4h | 49m 18s | $505K | $163K | — |
| Short | BloFin POPCAT-USDT | 0.05622 | 0.0340 | get 0.0170% / 4h | 49m 18s | $126K | $325K | 50x |
Variational Omni POPCAT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Variational Omni. 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
- $95.29
- Price spread: +0.626% → +0.144%
- $48.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $131.54
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 10 min ago; BloFin: live order book, 50 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 Variational Omni RFQ quote, 10 min ago | 7.16 bp | doesn't fit | 100.2 bp −$1,002 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 3.56 bp | 21.9 bp −$22 | 60.4 bp −$604 | doesn't fit | doesn't fit |
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 | 0.05530 | −1.021% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05581 | −0.106% | $1 | — | 10x | as long as short |
| Variational Omni POPCATlong | −0.0114% | 4h | 0.05587 | long leg | $505K | $163K | — | |
| Lighter POPCAT | +0.0096% | 1h | 0.05587 | 0.000% | $100K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05585 | −0.036% | $2.3M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05569 | −0.323% | $8.7M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05580 | −0.126% | $691K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05580 | −0.126% | $442K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05586 | −0.018% | $1.8M | $958K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05582 | −0.090% | $1.1M | $982K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
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 | 0.05582 | −0.090% | $1.2M | $938K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05578 | −0.161% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05610 | +0.411% | $22K | $651K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05581 | −0.108% | $95K | $530K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0156% | 4h | 0.05627 | +0.716% | $249K | $493K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05622 | +0.626% | $126K | $325K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0580% | 1h | 0.05584 | −0.062% | $149K | $146K | 20x | as long as short |
| Hyperliquid POPCAT | +0.1387% | 1h | 0.05592 | +0.096% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT