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: OKX against Binance−0.351%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on Binance Short on OKX

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+0.271%+$27 · spread now −0.351%, 7d avg −0.069%

Together, before fees+0.270%+$27 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: OKX is 0.282% cheaper against Binance than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POPCATUSDT	0.05781	0.0100	pay 0.0050% / 4h	1h 18m	$2.6M	$7.9M	50x
Short	OKX POPCAT-USDT-SWAP	0.05761	0.0100	get 0.0050% / 4h	1h 18m	$701K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.351%Rate

Funding earned: $0
Price spread: −0.351% → −0.069%: −$28.22
Slippage, 4 orders: −$112.98
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$161.2
Costs to cover: 1.330%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; OKX: live order book, 4 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, 6 min ago	2.60 bp	23.3 bp −$23	88.1 bp −$881	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	6.06 bp	41.6 bp −$42	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	−0.4288%	1h	0.05642	−2.409%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05766	−0.271%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0032%	4h	0.05767	−0.239%	$496K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05767	−0.247%	$102K	$59K	10x	as long as short
Binance POPCATUSDTlong	+0.0100%	4h	0.05781	long leg	$2.6M	$7.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05757	−0.420%	$9.2M	$7.4M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05761	−0.351%	$701K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05790	+0.151%	$447K	$575K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05775	−0.109%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05830	+0.843%	$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	0.05775	−0.109%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05764	−0.299%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05780	−0.022%	$23K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05763	−0.311%	$94K	$381K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0230%	4h	0.05770	−0.195%	$263K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05777	−0.074%	$132K	$360K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0392%	1h	0.05747	−0.597%	$151K	$158K	20x	as long as short
Hyperliquid POPCAT	+0.0439%	1h	0.05773	−0.147%	$2.7M	$1.4M	3x	as long as short