Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against BingX−0.073%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.073%, 7d avg +0.072%

Together, before fees+0.132%+$13 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: MEXC is 0.145% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDT	0.05501	0.0100	pay 0.0050% / 4h	1h 46m	—	$6.8M	—
Short	MEXC POPCAT_USDT	0.05497	0.0100	get 0.0050% / 4h	1h 46m	$1.9M	$920K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.072%: −$14.5
Slippage, 4 orders: −$67.75
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$96.25
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, just now.

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	4.55 bp	25.5 bp −$26	62.9 bp −$629	564.3 bp −$56.4K	819.6 bp −$409.8K
Sell MEXC live order book, just now	6.36 bp	14.7 bp −$15	67.2 bp −$672	146.1 bp −$14.6K	271.8 bp −$135.9K

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	−0.3374%	1h	0.05417	−1.527%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05483	−0.322%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05495	−0.103%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05495	−0.109%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05504	+0.056%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05491	−0.182%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05497	−0.073%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05488	−0.236%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05497	−0.073%	$1.9M	$920K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05499	−0.036%	$1.1M	$995K	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	0.05493	−0.145%	$1.2M	$885K	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05501	long leg	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05487	−0.263%	$504K	$175K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05502	+0.018%	$244K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	−0.200%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05496	−0.098%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05499	−0.036%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0861%	1h	0.05509	+0.140%	$2.5M	$1.1M	3x	as long as short