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: MEXC against Bitget−0.087%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1111.108% of the position

Long on Bitget 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+0.287%+$29 · spread now −0.087%, 7d avg +0.032%

Together, before fees+0.288%+$29 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 0.118% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05762	0.0100	pay 0.0050% / 4h	1h 30m	$1.2M	$1.0M	50x
Short	MEXC POPCAT_USDT	0.05757	0.0100	get 0.0050% / 4h	1h 30m	$1.9M	$1.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.032%: −$11.84
Slippage, 4 orders: −$94.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$122.62
Costs to cover: 1.108%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago	4.34 bp	39.6 bp −$40	150.5 bp −$1,505	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	6.10 bp	16.4 bp −$16	63.6 bp −$636	131.3 bp −$13.1K	265.1 bp −$132.5K

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	−2.083%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05756	−0.103%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0006%	4h	0.05720	−0.720%	$493K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05754	−0.139%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05761	−0.018%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05742	−0.347%	$9.1M	$7.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05760	−0.035%	$698K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05748	−0.243%	$443K	$573K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05757	−0.087%	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05750	−0.208%	$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 POPCATUSDTlong	+0.0100%	4h	0.05762	long leg	$1.2M	$1.0M	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05746	−0.278%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.555%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05755	−0.115%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0246%	4h	0.05742	−0.347%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05742	−0.347%	$131K	$358K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05731	−0.534%	$152K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0584%	1h	0.05764	+0.040%	$2.7M	$1.4M	3x	as long as short