Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against Binance−0.091%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.091%, 7d avg −0.038%

Together, before fees+0.051%+$5 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: Bitget is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05486	0.0100	pay 0.0050% / 4h	2h 06m	$2.3M	$6.3M	50x
Short	Bitget POPCATUSDT	0.05481	0.0100	get 0.0050% / 4h	2h 06m	$1.1M	$885K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.038%: −$5.28
Slippage, 4 orders: −$85.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$112.89
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 10 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 Binance live order book, 2 min ago	1.82 bp	27.6 bp −$28	112.6 bp −$1,126	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	7.28 bp	19.8 bp −$20	68.2 bp −$682	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	−0.4569%	1h	0.05437	−0.893%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1072%	1h	0.05466	−0.356%	$139K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05485	−0.015%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05483	−0.055%	$99K	$45K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05486	long leg	$2.3M	$6.3M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05475	−0.201%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05478	−0.146%	$673K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05481	−0.091%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05483	−0.055%	$1.9M	$923K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05488	+0.036%	$1.1M	$995K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05481	−0.091%	$1.1M	$885K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05481	−0.091%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05477	−0.167%	$501K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.220%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+0.073%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05482	−0.081%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05486	0.000%	$124K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1435%	1h	0.05499	+0.230%	$2.5M	$1.1M	3x	as long as short