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: Gate against Binance−0.285%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$367as in the Price arb table

costs, in and out, $10k−$3483.475% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.285%, 7d avg −0.093%

Together, before fees+0.149%+$15 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: Gate is 0.191% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05633	0.0100	pay 0.0050% / 4h	21m 54s	$2.4M	$6.6M	50x
Short	Gate POPCAT_USDT	0.05617	0.0100	get 0.0050% / 4h	21m 54s	$429K	$644K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.285%Rate

Funding earned: $0
Price spread: −0.285% → −0.093%: −$19.14
Slippage, 4 orders: −$322.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$366.67
Costs to cover: 3.475%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Gate: live order book, 54 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	2.67 bp	28.4 bp −$28	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	1.82 bp	109.5 bp −$109	doesn't fit	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	−0.4208%	1h	0.05563	−1.243%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0966%	1h	0.05627	−0.110%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05626	−0.128%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05625	−0.143%	$101K	$46K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05633	long leg	$2.4M	$6.6M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05620	−0.231%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05629	−0.072%	$702K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05617	−0.285%	$429K	$644K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05631	−0.036%	$1.8M	$937K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05620	−0.231%	$1.1M	$988K	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	0.05621	−0.214%	$1.2M	$915K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05620	−0.231%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05621	−0.216%	$513K	$178K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.124%	$23K	$647K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05628	−0.086%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0158%	4h	0.05651	+0.320%	$256K	$494K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05606	−0.480%	$125K	$293K	50x	as long as short
Hyperliquid POPCAT	+0.0546%	1h	0.05641	+0.138%	$2.6M	$1.0M	3x	as long as short