Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: KuCoin against Binance+0.056%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$357as in the Funding arb table

Net, price: spread back to 7d avg − costs−$374as in the Price arb table

costs, in and out, $10k−$3793.789% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.056%, 7d avg +0.005%

Together, before fees+0.132%+$13 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: KuCoin is 0.052% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05728	0.0100	pay 0.0050% / 4h	1h 52m	$2.5M	$7.7M	50x
Short	KuCoin POPCATUSDTM	0.05731	0.0100	get 0.0050% / 4h	1h 52m	$1.1M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.005%: $5.17
Slippage, 4 orders: −$356.87
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$373.7
Costs to cover: 3.789%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: 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, 2 min ago	3.49 bp	29.5 bp −$30	75.4 bp −$754	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	8.71 bp	162.7 bp −$163	822.2 bp −$8,222	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	−0.4288%	1h	0.05642	−1.498%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05723	−0.077%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0050%	4h	0.05727	−0.005%	$484K	$176K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05726	−0.031%	$102K	$57K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05728	long leg	$2.5M	$7.7M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05712	−0.276%	$9.0M	$7.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05724	−0.066%	$693K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05723	−0.083%	$445K	$570K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05725	−0.049%	$1.8M	$1.0M	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05731	+0.056%	$1.1M	$1.0M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05730	+0.039%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05717	−0.188%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	+0.213%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05725	−0.041%	$95K	$380K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0286%	4h	0.05744	+0.282%	$250K	$511K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05731	+0.056%	$131K	$357K	50x	as long as short
Hyperliquid POPCAT	+0.0391%	1h	0.05733	+0.082%	$2.7M	$1.4M	3x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05728	+0.003%	$152K	$155K	20x	as long as short