Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni−0.493%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.279%+$28 · spread now −0.493%, 7d avg −0.153%

Together, before fees+0.279%+$28 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: Bybit is 0.340% cheaper against ApeX Omni than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05680	0.0100	pay 0.0013% / 1h	5m 13s	$23K	$653K	25x
Short	Bybit POPCATUSDT	0.05652	0.0100	get 0.0050% / 4h	3h 05m	$9.0M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.493%Rate

Funding earned: $0
Price spread: −0.493% → −0.153%: −$33.97
Slippage, 4 orders: −$99.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$154.54
Costs to cover: 1.206%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	17.61 bp	46.2 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.53 bp	21.8 bp −$22	89.0 bp −$890	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	−0.4945%	1h	0.05301	−6.673%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05667	−0.235%	$151K	$144K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05663	−0.292%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05668	−0.211%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05667	−0.226%	$2.4M	$6.7M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05652	−0.493%	$9.0M	$6.2M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05664	−0.282%	$704K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05660	−0.352%	$456K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05668	−0.211%	$1.9M	$956K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05665	−0.264%	$1.1M	$988K	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	0.05663	−0.299%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05660	−0.352%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05655	−0.441%	$513K	$163K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05680	long leg	$23K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05664	−0.290%	$97K	$523K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0152%	4h	0.05694	+0.246%	$247K	$481K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05678	−0.035%	$125K	$298K	50x	as long as short
Hyperliquid POPCAT	+0.1530%	1h	0.05681	+0.012%	$2.6M	$969K	3x	as long as short