Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni−0.790%70s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1541.539% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.654%+$65 · spread now −0.790%, 7d avg −0.045%

Together, before fees+0.654%+$65 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: OKX is 0.745% cheaper against ApeX Omni than usual: you would sell low and buy high, −$74 on $10k if it goes back to its 7-day average of −0.045%. The two prices were read 70 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	0.05570	0.0100	pay 0.0013% / 1h	24m 17s	$22K	$653K	25x
Short	OKX POPCAT-USDT-SWAP	0.05526	0.0100	get 0.0050% / 4h	2h 24m	$672K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.790%Rate

Funding earned: $0
Price spread: −0.790% → −0.045%: −$74.45
Slippage, 4 orders: −$133.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$228.4
Costs to cover: 1.539%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; OKX: live order book, 2 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, 24 min ago	26.67 bp	55.8 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	6.29 bp	29.9 bp −$30	854.4 bp −$8,544	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	−0.4088%	1h	0.05504	−1.185%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05527	−0.775%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0063%	4h	0.05510	−1.085%	$467K	$175K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05522	−0.862%	$99K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05533	−0.659%	$2.4M	$7.5M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05521	−0.880%	$8.6M	$6.8M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05526	−0.790%	$672K	$1.6M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05526	−0.790%	$438K	$640K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05534	−0.646%	$1.7M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05527	−0.772%	$1.1M	$1.0M	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	0.05524	−0.826%	$1.1M	$961K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05525	−0.808%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05571	+0.012%	$242K	$509K	10x	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05570	long leg	$22K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05527	−0.768%	$90K	$408K	10x	as long as short
Hyperliquid POPCAT	+0.0128%	1h	0.05532	−0.682%	$2.6M	$1.2M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05534	−0.646%	$126K	$323K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0418%	1h	0.05525	−0.804%	$146K	$151K	20x	as long as short