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: Bybit against BingX+0.017%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2082.084% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.075%−$8 · spread now +0.017%, 7d avg −0.083%

Together, before fees−0.075%−$8 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: Bybit is 0.101% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDC	0.05723	0.0100	pay 0.0050% / 4h	1h 55m	—	$1.6M	—
Short	Bybit POPCATUSDT	0.05724	0.0100	get 0.0050% / 4h	1h 55m	$9.0M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.083%: $10.06
Slippage, 4 orders: −$187.42
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$198.36
Costs to cover: 2.084%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: 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 BingX live order book, 6 min ago	13.09 bp	82.5 bp −$83	382.6 bp −$3,826	530.8 bp −$53.1K	936.1 bp −$468.0K
Sell Bybit live order book, 2 min ago	3.48 bp	24.7 bp −$25	96.8 bp −$968	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	−1.415%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05737	+0.246%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0067%	4h	0.05720	−0.045%	$486K	$176K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05734	+0.192%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05739	+0.280%	$2.5M	$7.7M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05724	+0.017%	$9.0M	$7.1M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05729	+0.105%	$695K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05725	+0.035%	$445K	$570K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05732	+0.157%	$1.8M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05743	+0.349%	$1.1M	$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	0.05732	+0.157%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDClong	+0.0100%	4h	0.05723	long leg	—	$1.6M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	+0.122%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05733	+0.172%	$95K	$384K	10x	as long as short
Hyperliquid POPCAT	+0.0270%	1h	0.05738	+0.260%	$2.7M	$1.4M	3x	as long as short
GRVT POPCAT_USDT_Perp	+0.0300%	4h	0.05742	+0.327%	$249K	$511K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05781	+1.013%	$131K	$360K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05733	+0.177%	$152K	$155K	20x	as long as short