Funding you earn now, next payment 03:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h −0.072%
Price spread now: Kraken Futures against BingX+0.185%7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$300as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2472.473% of the position
Funding, last 7 days−0.524%−$52 on $10k
+Price spread, last 4 days (all we have)−1.740%−$174 · spread now +0.185%, 7d avg −0.092%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.277% dearer against BingX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.092%. Mind the row above: over the last 7 days funding on this pair cost −0.524%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POPCAT-USDC | 0.05591 | 0.0100 | pay 0.0050% / 4h | 1h 04m | — | $1.6M | — |
| Short | Kraken Futures PF_POPCATUSD | 0.05601 | 0.0296 | get 0.0037% / 1h | 4m 15s | $150K | $146K | 20x |
BingX POPCAT-USDC
Kraken Futures PF_POPCATUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.06
- Price spread: +0.185% → −0.092%
- $27.72
- Slippage, 4 orders
- −$227.3
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$178.52
- Costs to cover
- 2.473%
- Break-even
- 37.4 days
Slippage from BingX: live order book, 8 min ago; Kraken Futures: live order book, 58 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, 8 min ago | 14.21 bp | 60.4 bp −$60 | 204.6 bp −$2,046 | 344.6 bp −$34.5K | 839.4 bp −$419.7K |
| Sell Kraken Futures live order book, 58 min ago | 22.33 bp | 51.7 bp −$52 | 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 | −0.4257% | 1h | 0.05587 | −0.072% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05600 | +0.157% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0167% | 4h | 0.05593 | +0.043% | $506K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05606 | +0.268% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05608 | +0.310% | $2.4M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05594 | +0.054% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05602 | +0.197% | $694K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05600 | +0.161% | $442K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05609 | +0.322% | $1.8M | $961K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05603 | +0.215% | $1.1M | $983K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05601 | +0.179% | $1.2M | $936K | 50x | as long as short |
| BingX POPCAT-USDClong | +0.0100% | 4h | 0.05591 | long leg | — | $1.6M | — | |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | +0.876% | $22K | $650K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05600 | +0.154% | $95K | $530K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0130% | 4h | 0.05648 | +1.019% | $250K | $493K | 10x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0296% | 1h | 0.05601 | +0.185% | $150K | $146K | 20x | |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05619 | +0.501% | $126K | $325K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0893% | 1h | 0.05615 | +0.438% | $2.6M | $997K | 3x | as long as short |
Bitget POPCATUSDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Hyperliquid POPCAT