Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni+0.182%81s7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$368as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3683.681% of the position

Long on ApeX Omni Short on Gate

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)−0.448%−$45 · spread now +0.182%, 7d avg −0.097%

Together, before fees−0.448%−$45 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 0.279% dearer against ApeX Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.097%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05500	0.0100	pay 0.0013% / 1h	4m 02s	$22K	$644K	25x
Short	Gate POPCAT_USDT	0.05510	0.0100	get 0.0050% / 4h	1h 04m	$433K	$674K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → −0.097%: $27.91
Slippage, 4 orders: −$343.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$340.23
Costs to cover: 3.681%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; Gate: live order book, 12 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, 14 min ago	18.18 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	1.82 bp	109.5 bp −$109	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	0.05443	−1.036%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0929%	1h	0.05503	+0.050%	$144K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05511	+0.191%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05510	+0.182%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05522	+0.407%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05513	+0.236%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05520	+0.364%	$684K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05510	+0.182%	$433K	$674K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05510	+0.182%	$1.9M	$929K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05508	+0.145%	$1.1M	$981K	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	0.05513	+0.236%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05512	+0.218%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05490	−0.186%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	−0.043%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05500	long leg	$22K	$644K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05516	+0.299%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05516	+0.291%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0882%	1h	0.05525	+0.456%	$2.6M	$1.1M	3x	as long as short