Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.115%

Price spread now: KuCoin against Bitget−0.054%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$517as in the Price arb table

costs, in and out, $10k−$5085.079% of the position

Long on Bitget 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 4 days (all we have)−0.018%−$2 · spread now −0.054%, 7d avg +0.036%

Together, before fees+0.200%+$20 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 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05564	0.0100	pay 0.0050% / 4h	2h 16m	$1.2M	$939K	50x
Short	KuCoin POPCATUSDTM	0.05561	0.0100	get 0.0050% / 4h	2h 16m	$1.1M	$990K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → +0.036%: −$8.99
Slippage, 4 orders: −$483.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$516.87
Costs to cover: 5.079%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 5 min ago	6.27 bp	39.5 bp −$40	138.4 bp −$1,384	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.65 bp	200.2 bp −$200	838.3 bp −$8,383	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	−0.5000%	1h	0.05524	−0.719%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05561	−0.049%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0045%	4h	0.05572	+0.152%	$506K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05564	0.000%	$100K	$52K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05569	+0.099%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05553	−0.198%	$8.7M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05562	−0.036%	$687K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05560	−0.072%	$445K	$638K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05565	+0.018%	$1.8M	$975K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05561	−0.054%	$1.1M	$990K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTlong	+0.0100%	4h	0.05564	long leg	$1.2M	$939K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05555	−0.162%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05583	+0.350%	$250K	$486K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05580	+0.288%	$22K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05562	−0.039%	$98K	$524K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0641%	1h	0.05561	−0.055%	$149K	$149K	20x	as long as short
Hyperliquid POPCAT	+0.1044%	1h	0.05574	+0.180%	$2.6M	$1.0M	3x	as long as short