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 +0.058%

Price spread now: KuCoin against BingX+0.052%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$451as in the Funding arb table

Net, price: spread back to 7d avg − costs−$476as in the Price arb table

costs, in and out, $10k−$4734.725% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.052%, 7d avg +0.085%

Together, before fees+0.224%+$22 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: KuCoin is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.085%.

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 41m	—	$1.6M	—
Short	KuCoin POPCATUSDTM	0.05726	0.0100	get 0.0050% / 4h	1h 41m	$1.1M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.085%: −$3.23
Slippage, 4 orders: −$450.51
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$475.74
Costs to cover: 4.725%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; KuCoin: 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, 5 min ago	13.10 bp	74.7 bp −$75	188.1 bp −$1,881	386.2 bp −$38.6K	861.5 bp −$430.7K
Sell KuCoin live order book, 3 min ago	8.74 bp	166.0 bp −$166	818.9 bp −$8,189	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	0.05727	+0.076%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0010%	4h	0.05710	−0.227%	$485K	$176K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05726	+0.052%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05733	+0.181%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05724	+0.017%	$9.0M	$7.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05724	+0.017%	$692K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05721	−0.035%	$444K	$571K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05732	+0.157%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05726	+0.052%	$1.1M	$1.0M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05737	+0.245%	$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	0.05710	−0.227%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05728	+0.087%	$95K	$379K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0224%	4h	0.05741	+0.315%	$249K	$511K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05733	+0.175%	$131K	$358K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05725	+0.033%	$152K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0530%	1h	0.05741	+0.315%	$2.7M	$1.4M	3x	as long as short