Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni+0.425%7-day average +0.039% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.582%−$58 · spread now +0.425%, 7d avg +0.039%

Together, before fees−0.582%+ Points / potential airdropVariational Omni: Active · farm board−$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.386% dearer against Variational Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POPCAT	0.05458	0.0100	pay 0.0050% / 4h	1h 55m	$500K	$173K	—
Short	Gate POPCAT_USDT	0.05481	0.0100	get 0.0050% / 4h	1h 55m	$416K	$649K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GatebpOrdersPrice spread, now +0.425%Rate

Funding earned: $0
Price spread: +0.425% → +0.039%: $38.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $23.6
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Gate: live order book, 26 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, 29 min ago	6.36 bp	doesn't fit	106.4 bp −$1,064	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	8.17 bp	85.6 bp −$86	doesn't fit	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	−0.3374%	1h	0.05417	−0.748%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0935%	1h	0.05468	+0.185%	$139K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05494	+0.670%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05494	+0.663%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05500	+0.767%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05484	+0.480%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05496	+0.700%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05481	+0.425%	$416K	$649K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05501	+0.791%	$1.9M	$918K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05489	+0.571%	$1.1M	$996K	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	0.05495	+0.681%	$1.2M	$885K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05488	+0.553%	—	$6.8M	—	as long as short
Variational Omni POPCATlong	+0.0100%	4h	0.05458	long leg	$500K	$173K	—
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05479	+0.392%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05470	+0.223%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05494	+0.661%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05479	+0.388%	$124K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1264%	1h	0.05511	+0.967%	$2.5M	$1.1M	3x	as long as short