Funding arb · Price arb /

POPMART

RWAall POPMART markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.004%

Price spread now: Aster against HTX−0.314%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.314% cheaper against HTX than usual: you would sell low and buy high (spread −0.314% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX POPMART-USDT	19.750	0	get 0.0000% / 4h	2h 02m	$7K	$5K	10x
Short	Aster POPMARTUSDT	19.688	0.0091	get 0.0091% / 8h	2h 02m	$16K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.314%Rate

Funding earned: $19.13
Price spread: −0.314% → 0.000%: −$31.39
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.27
Costs to cover: 0.200%
Break-even: 18.8 days

Slippage unknown: HTX: no order-book sample; Aster: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

HTX and Aster: 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.

POPMART on 10 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
Binance POPMARTUSDT	0.0000%	4h	19.700	−0.253%	$1.4M	$409K	25x	as long as short
Bybit POPMARTUSDT	0.0000%	8h	19.700	−0.253%	$57K	$3K	25x	as long as short
OKX POPMART-USDT-SWAP	0.0000%	8h	19.690	−0.304%	$275K	$96K	20x	as long as short
Gate POPMART_USDT	0.0000%	8h	19.748	−0.010%	$292K	$16K	20x	as long as short
Bitget POPMARTUSDT	0.0000%	8h	19.700	−0.253%	$479K	$85K	20x	as long as short
HTX POPMART-USDTlong	0.0000%	4h	19.750	long leg	$7K	$5K	10x
Lighter POPMART	+0.0032%	1h	19.664	−0.435%	—	—	10x	as long as short
Aster POPMARTUSDTshort	+0.0091%	8h	19.688	−0.314%	$16K	$4K	20x
KuCoin POPMARTUSDTM	+0.0100%	4h	19.680	−0.354%	$30K	$37K	20x	as long as short
edgeX POPMARTUSDC	+0.0702%	4h	19.710	−0.203%	$199K	$235K	10x	as long as short