Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against ApeX Omni+0.054%66s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as 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−$1031.026% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.054%, 7d avg 0.000%

Together, before fees−0.332%−$33 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: MEXC is 0.054% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 66 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	0.05600	0.0100	pay 0.0013% / 1h	36m 26s	$22K	$653K	25x
Short	MEXC POPCAT_USDT	0.05603	0.0100	get 0.0050% / 4h	36m 26s	$1.8M	$960K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → 0.000%: $5.4
Slippage, 4 orders: −$88.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$97.18
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; MEXC: live order book, 5 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, 22 min ago	17.89 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	6.24 bp	15.4 bp −$15	63.3 bp −$633	122.9 bp −$12.3K	256.9 bp −$128.5K

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	−0.4247%	1h	0.05526	−1.321%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05594	−0.110%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0098%	4h	0.05596	−0.072%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05613	+0.232%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05603	+0.053%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05588	−0.214%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05591	−0.161%	$693K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05610	+0.179%	$444K	$635K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05603	+0.054%	$1.8M	$960K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05603	+0.054%	$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	0.05598	−0.036%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05590	−0.179%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05600	long leg	$22K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05593	−0.123%	$95K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0140%	4h	0.05626	+0.467%	$248K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05622	+0.393%	$125K	$325K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0577%	1h	0.05618	+0.328%	$150K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.1197%	1h	0.05605	+0.089%	$2.6M	$1.0M	3x	as long as short