Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against BingX−0.044%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1881.883% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.044%, 7d avg +0.006%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.050% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDT	0.05669	0.0100	pay 0.0050% / 4h	3h 27m	—	$6.8M	—
Short	Extended POPCAT-USD	0.05667	0.0104	get 0.0013% / 1h	27m 36s	$97K	$527K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.84
Price spread: −0.044% → +0.006%: −$4.98
Slippage, 4 orders: −$173.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$192.4
Costs to cover: 1.883%
Break-even: 1610.4 days

Slippage from BingX: live order book, 10 min ago; Extended: live order book, 45 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, 10 min ago	4.42 bp	26.3 bp −$26	60.7 bp −$607	524.7 bp −$52.5K	793.3 bp −$396.6K
Sell Extended live order book, 45 min ago	2.67 bp	81.0 bp −$81	440.2 bp −$4,402	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	−0.4945%	1h	0.05301	−6.491%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05672	+0.053%	$152K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05667	−0.033%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05669	0.000%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05669	+0.001%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05659	−0.176%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05664	−0.088%	$706K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05670	+0.018%	$457K	$647K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05669	0.000%	$1.8M	$946K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05669	0.000%	$1.1M	$988K	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	0.05669	0.000%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05669	long leg	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05662	−0.121%	$514K	$165K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	−0.159%	$23K	$652K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05667	−0.044%	$97K	$527K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05676	+0.123%	$125K	$298K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0380%	4h	0.05677	+0.143%	$254K	$473K	10x	as long as short
Hyperliquid POPCAT	+0.1372%	1h	0.05684	+0.265%	$2.6M	$1.0M	3x	as long as short