Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.265%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2092.092% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.265%, 7d avg −0.037%

Together, before fees+0.191%+ Points / potential airdropExtended: Active · farm board+$19 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: Extended is 0.227% cheaper against Bitget than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05592	0.0100	pay 0.0050% / 4h	1h 56m	$1.2M	$932K	50x
Short	Extended POPCAT-USD	0.05577	0.0104	get 0.0013% / 1h	56m 51s	$95K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.265%Rate

Funding earned: $0.84
Price spread: −0.265% → −0.037%: −$22.75
Slippage, 4 orders: −$192.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$231.15
Costs to cover: 2.092%
Break-even: 1933.2 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 6 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, 4 min ago	8.04 bp	37.9 bp −$38	136.4 bp −$1,364	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	2.68 bp	71.5 bp −$71	402.1 bp −$4,021	doesn't fit	doesn't fit

POPCAT on 17 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	0.05519	−1.305%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05566	−0.472%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0024%	4h	0.05584	−0.152%	$506K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05572	−0.358%	$100K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05582	−0.171%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05578	−0.250%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05588	−0.072%	$689K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05570	−0.393%	$445K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05579	−0.232%	$1.8M	$951K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05577	−0.268%	$1.1M	$987K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTlong	+0.0100%	4h	0.05592	long leg	$1.2M	$932K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05565	−0.483%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	−0.036%	$22K	$653K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05577	−0.265%	$95K	$524K	10x
GRVT POPCAT_USDT_Perp	+0.0104%	4h	0.05604	+0.215%	$246K	$485K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0297%	1h	0.05572	−0.355%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1339%	1h	0.05604	+0.216%	$2.6M	$1.0M	3x	as long as short