Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.122%7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on Binance Short on Bybit

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−0.064%−$6 · spread now −0.122%, 7d avg −0.163%

Together, before fees−0.065%−$7 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: Bybit is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05730	0.0100	pay 0.0050% / 4h	1h 53m	$2.5M	$7.2M	50x
Short	Bybit POPCATUSDT	0.05723	0.0100	get 0.0050% / 4h	1h 53m	$9.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.163%: $4.12
Slippage, 4 orders: −$78.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.51
Costs to cover: 0.996%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago	3.48 bp	27.0 bp −$27	99.2 bp −$992	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.11 bp	21.9 bp −$22	81.5 bp −$815	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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
Kraken Futures PF_POPCATUSD	−0.1167%	1h	0.05718	−0.216%	$153K	$121K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05726	−0.077%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0028%	4h	0.05733	+0.053%	$488K	$140K	—	as long as short
Injective POPCAT/USDC PERP	+0.0033%	1h	0.05670	−1.047%	$3K	$2K	5.5x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05727	−0.052%	$97K	$53K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05730	long leg	$2.5M	$7.2M	50x
Bybit POPCATUSDTshort	+0.0100%	4h	0.05723	−0.122%	$9.1M	$6.8M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05728	−0.035%	$693K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05728	−0.035%	$430K	$468K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05731	+0.017%	$1.8M	$968K	200x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05733	+0.052%	$1.1M	$800K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05733	+0.052%	$1.2M	$795K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05739	+0.157%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05750	+0.349%	$263K	$455K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05750	+0.349%	$22K	$661K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05725	−0.085%	$92K	$748K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05739	+0.157%	$132K	$296K	50x	as long as short
Hyperliquid POPCAT	+0.0475%	1h	0.05736	+0.098%	$2.7M	$1.3M	3x	as long as short