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 0.000%

Price spread now: MEXC against Binance−0.086%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.086%, 7d avg −0.005%

Together, before fees+0.105%+$10 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: MEXC is 0.082% cheaper against Binance than usual: you would sell low and buy high, −$8 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	0.05790	0.0100	pay 0.0050% / 4h	1h 14m	$2.6M	$7.9M	50x
Short	MEXC POPCAT_USDT	0.05785	0.0100	get 0.0050% / 4h	1h 14m	$1.9M	$1.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.005%: −$8.16
Slippage, 4 orders: −$58.44
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.6
Costs to cover: 0.724%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: live order book, 2 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	2.60 bp	23.3 bp −$23	88.1 bp −$881	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.32 bp	14.2 bp −$14	68.2 bp −$682	121.9 bp −$12.2K	246.1 bp −$123.1K

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	−2.556%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05782	−0.138%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0038%	4h	0.05770	−0.346%	$496K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05780	−0.173%	$103K	$59K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05790	long leg	$2.6M	$7.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05776	−0.242%	$9.2M	$7.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05779	−0.190%	$704K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05789	−0.017%	$447K	$576K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05785	−0.086%	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05794	+0.069%	$1.2M	$1.0M	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	0.05787	−0.052%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05780	−0.173%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05770	−0.345%	$23K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05781	−0.150%	$94K	$381K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0232%	4h	0.05777	−0.224%	$263K	$517K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05791	+0.017%	$133K	$361K	50x	as long as short
Hyperliquid POPCAT	+0.0366%	1h	0.05786	−0.071%	$2.7M	$1.4M	3x	as long as short
Kraken Futures PF_POPCATUSD	+0.0390%	1h	0.05773	−0.299%	$152K	$158K	20x	as long as short