Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against Binance−0.092%51s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$920.918% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.092%, 7d avg −0.001%
=Funding pays, the price is against you. BloFin is 0.091% cheaper against Binance than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.001%). If the spread goes back, that is −$9 on $10k: about 30 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.026% in total) that is about 25 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POPCATUSDT | 0.05504 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $2.3M | $6.3M | 50x |
| Short | BloFin POPCAT-USDT | 0.05499 | 0.0340 | get 0.0170% / 4h | 1h 46m | $123K | $284K | 50x |
Binance POPCATUSDT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.092% → −0.001%
- −$9.13
- Slippage, 4 orders
- −$69.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$50.54
- Costs to cover
- 0.918%
- Break-even
- 14.0 days
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 30 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, 7 min ago | 1.82 bp | 26.7 bp −$27 | 109.6 bp −$1,096 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 2.72 bp | 11.1 bp −$11 | 56.1 bp −$561 | 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 | 0.05417 | −1.582% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0932% | 1h | 0.05483 | −0.378% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05495 | −0.158% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05495 | −0.165% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDTlong | +0.0100% | 4h | 0.05504 | long leg | $2.3M | $6.3M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05491 | −0.237% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05497 | −0.128% | $675K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05488 | −0.292% | $416K | $649K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05497 | −0.128% | $1.9M | $920K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05499 | −0.092% | $1.1M | $995K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05493 | −0.201% | $1.2M | $885K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05501 | −0.056% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05487 | −0.318% | $504K | $175K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05502 | −0.037% | $244K | $480K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05490 | −0.256% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05496 | −0.154% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05499 | −0.092% | $123K | $284K | 50x | |
| Hyperliquid POPCAT | +0.0861% | 1h | 0.05509 | +0.084% | $2.5M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT