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 0.000%

Price spread now: OKX against BingX−0.191%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1421.423% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.177%+$18 · spread now −0.191%, 7d avg +0.011%

Together, before fees+0.175%+$17 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: OKX is 0.202% cheaper against BingX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDT	0.05757	0.0100	pay 0.0050% / 4h	1h 25m	—	$6.8M	—
Short	OKX POPCAT-USDT-SWAP	0.05746	0.0100	get 0.0050% / 4h	1h 25m	$701K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → +0.011%: −$20.19
Slippage, 4 orders: −$122.25
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$162.44
Costs to cover: 1.423%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; OKX: live order book, 2 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	6.98 bp	28.6 bp −$29	65.5 bp −$655	569.8 bp −$57.0K	824.7 bp −$412.4K
Sell OKX live order book, 2 min ago	3.47 bp	41.1 bp −$41	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	−0.4288%	1h	0.05642	−1.998%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05779	+0.379%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0020%	4h	0.05767	+0.182%	$497K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05772	+0.261%	$103K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05757	+0.004%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05755	−0.035%	$9.2M	$7.3M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05746	−0.191%	$701K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05760	+0.052%	$445K	$574K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05763	+0.104%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05759	+0.035%	$1.1M	$1.0M	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	0.05757	0.000%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05757	long leg	—	$6.8M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	−0.295%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05752	−0.085%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0256%	4h	0.05763	+0.106%	$263K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05770	+0.226%	$131K	$360K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0390%	1h	0.05772	+0.262%	$153K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0563%	1h	0.05756	−0.010%	$2.7M	$1.4M	3x	as long as short