Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.317%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$2812.808% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.317% cheaper against BingX than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDC	0.05687	0.0100	pay 0.0050% / 4h	48m 38s	—	$1.6M	—
Short	Gate POPCAT_USDT	0.05669	0.0100	get 0.0050% / 4h	48m 38s	$421K	$457K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.317%Rate

Funding earned: $0
Price spread: −0.317% → 0.000%: −$31.65
Slippage, 4 orders: −$255.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$312.42
Costs to cover: 2.808%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 55 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, 7 min ago	14.05 bp	63.0 bp −$63	134.3 bp −$1,343	264.4 bp −$26.4K	737.2 bp −$368.6K
Sell Gate live order book, 55 min ago	7.89 bp	80.3 bp −$80	doesn't fit	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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	−0.4412%	1h	0.05667	−0.352%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0363%	1h	0.05671	−0.276%	$151K	$123K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05674	−0.229%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05685	−0.035%	$97K	$49K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05685	−0.031%	$2.5M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05679	−0.141%	$9.1M	$6.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05688	+0.018%	$683K	$1.4M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05669	−0.317%	$421K	$457K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05682	−0.088%	$1.8M	$935K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05677	−0.176%	$1.1M	$762K	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05680	−0.123%	$1.2M	$781K	50x	as long as short
BingX POPCAT-USDClong	+0.0100%	4h	0.05687	long leg	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05660	−0.475%	$538K	$184K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05680	−0.116%	$251K	$452K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05680	−0.123%	$21K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05674	−0.223%	$92K	$743K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05675	−0.211%	$132K	$292K	50x	as long as short
Hyperliquid POPCAT	+0.0357%	1h	0.05685	−0.033%	$2.7M	$1.3M	3x	as long as short