POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.098%

Price spread now: Reya against ApeX Omni−1.058%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Reya is 1.058% cheaper against ApeX Omni than usual: you would sell low and buy high (−$106 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	0.05690	0.0100	pay 0.0013% / 1h	36m 25s	$23K	$647K	25x
Short	Reya POPCATRUSDPERP	0.05630	−0.0228	pay 0.0029% / 1h	36m 25s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −1.058%Rate

Funding earned: −$68.94
Price spread: −1.058% → 0.000%: −$105.76
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$190.69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 42 min ago; Reya: no order-book sample. Net counts fees only.

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, 42 min ago	18.18 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.05594	−1.687%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0967%	1h	0.05622	−1.199%	$150K	$131K	20x	as long as short
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05630	−1.058%	$1	—	10x
Lighter POPCAT	+0.0096%	1h	0.05631	−1.037%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05634	−0.992%	$2.4M	$6.5M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05613	−1.353%	$8.9M	$6.0M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05614	−1.336%	$706K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05621	−1.213%	$429K	$638K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05631	−1.037%	$1.9M	$934K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05640	−0.879%	$1.1M	$984K	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	0.05624	−1.160%	$1.2M	$896K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05621	−1.213%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05618	−1.259%	$512K	$178K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05690	long leg	$23K	$647K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05620	−1.234%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0218%	4h	0.05686	−0.079%	$256K	$473K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05650	−0.703%	$124K	$292K	50x	as long as short
Hyperliquid POPCAT	+0.0567%	1h	0.05645	−0.787%	$2.6M	$988K	3x	as long as short