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% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni+0.320%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1231.235% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.413%−$41 · spread now +0.320%, 7d avg −0.003%

Together, before fees−0.413%−$41 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: Binance is 0.324% dearer against ApeX Omni than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05620	0.0100	pay 0.0013% / 1h	45m 25s	$23K	$647K	25x
Short	Binance POPCATUSDT	0.05638	0.0100	get 0.0050% / 4h	45m 25s	$2.4M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.320%Rate

Funding earned: $0
Price spread: +0.320% → −0.003%: $32.36
Slippage, 4 orders: −$103.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.1
Costs to cover: 1.235%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; Binance: live order book, 8 min ago.

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 ApeX Omni live order book, 33 min ago	18.18 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.69 bp	23.7 bp −$24	83.0 bp −$830	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	−0.4208%	1h	0.05558	−1.103%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0968%	1h	0.05619	−0.025%	$149K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05640	+0.361%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05633	+0.231%	$101K	$46K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05638	+0.320%	$2.4M	$6.4M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05631	+0.196%	$9.0M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05639	+0.338%	$706K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05634	+0.249%	$430K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05639	+0.338%	$1.9M	$926K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05633	+0.231%	$1.1M	$980K	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	0.05639	+0.338%	$1.2M	$886K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05635	+0.267%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05550	−1.249%	$510K	$175K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05620	long leg	$23K	$647K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05639	+0.343%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0232%	4h	0.05643	+0.411%	$254K	$482K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05634	+0.249%	$123K	$290K	50x	as long as short
Hyperliquid POPCAT	+0.0587%	1h	0.05652	+0.577%	$2.6M	$1.0M	3x	as long as short