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 0.000%

Price spread now: Bybit against Bitget−0.145%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.029%−$3 · spread now −0.145%, 7d avg −0.125%

Together, before fees−0.029%−$3 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: Bybit is 0.020% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05499	0.0100	pay 0.0050% / 4h	2h 14m	$1.2M	$884K	50x
Short	Bybit POPCATUSDT	0.05491	0.0100	get 0.0050% / 4h	2h 14m	$8.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.125%: −$2.05
Slippage, 4 orders: −$90.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$115.73
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 4 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 Bitget live order book, 2 min ago	7.28 bp	36.3 bp −$36	117.9 bp −$1,179	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.91 bp	30.9 bp −$31	104.6 bp −$1,046	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	−0.4569%	1h	0.05454	−0.818%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1067%	1h	0.05491	−0.139%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05503	+0.067%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05501	+0.036%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05504	+0.090%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05491	−0.145%	$8.8M	$5.8M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05501	+0.036%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.164%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05503	+0.073%	$1.9M	$920K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05504	+0.091%	$1.1M	$992K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTlong	+0.0100%	4h	0.05499	long leg	$1.2M	$884K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05501	+0.036%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05499	−0.004%	$503K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05516	+0.304%	$245K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05510	+0.200%	$22K	$644K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05502	+0.058%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05507	+0.145%	$124K	$285K	50x	as long as short
Hyperliquid POPCAT	+0.1395%	1h	0.05514	+0.267%	$2.5M	$1.1M	3x	as long as short