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% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.104%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.898%+$90 · spread now +0.104%, 7d avg +0.069%

Together, before fees+0.896%+$90 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: ApeX Omni is 0.035% dearer against BingX than usual: you sell high and buy low, +$4 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	BingX POPCAT-USDT	0.05764	0.0100	pay 0.0050% / 4h	35m 15s	—	$6.9M	—
Short	ApeX Omni POPCATUSDT	0.05770	0.0100	get 0.0013% / 1h	35m 15s	$23K	$658K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.069%: $3.53
Slippage, 4 orders: −$97.05
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$113.52
Costs to cover: 1.170%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; ApeX Omni: 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 BingX live order book, 2 min ago	5.20 bp	26.8 bp −$27	56.5 bp −$565	542.4 bp −$54.2K	786.2 bp −$393.1K
Sell ApeX Omni live order book, 3 min ago	17.33 bp	32.6 bp −$33	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	−0.5000%	1h	0.05683	−1.405%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05761	−0.059%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05749	−0.260%	$154K	$158K	20x	as long as short
Variational Omni POPCAT	+0.0064%	4h	0.05746	−0.306%	$495K	$181K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05761	−0.052%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05766	+0.035%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05752	−0.208%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05762	−0.035%	$700K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05763	−0.017%	$442K	$546K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05765	+0.017%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05770	+0.104%	$1.2M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05766	+0.035%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05764	long leg	—	$6.9M	—
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05770	+0.104%	$23K	$658K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05760	−0.067%	$93K	$649K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0186%	4h	0.05785	+0.364%	$252K	$515K	10x	as long as short
Hyperliquid POPCAT	+0.0252%	1h	0.05764	+0.003%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05780	+0.278%	$133K	$366K	50x	as long as short