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 0.000%

Price spread now: OKX against Bitget−0.070%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1471.473% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.070%, 7d avg −0.018%

Together, before fees+0.091%+$9 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 0.052% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POPCATUSDT	0.05677	0.0100	pay 0.0050% / 4h	3h 26m	$1.2M	$930K	50x
Short	OKX POPCAT-USDT-SWAP	0.05673	0.0100	get 0.0050% / 4h	3h 26m	$707K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.018%: −$5.23
Slippage, 4 orders: −$125.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$152.53
Costs to cover: 1.473%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: 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, 5 min ago	7.93 bp	33.6 bp −$34	92.4 bp −$924	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.41 bp	35.9 bp −$36	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	−0.4945%	1h	0.05301	−6.623%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0391%	1h	0.05679	+0.037%	$152K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05670	−0.125%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05674	−0.053%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05677	0.000%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05663	−0.247%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05673	−0.070%	$707K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05661	−0.282%	$456K	$647K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05674	−0.053%	$1.8M	$946K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05672	−0.088%	$1.1M	$989K	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	0.05677	long leg	$1.2M	$930K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05669	−0.141%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05657	−0.351%	$513K	$165K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05670	−0.123%	$23K	$650K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05674	−0.057%	$97K	$527K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05671	−0.106%	$125K	$298K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0380%	4h	0.05677	+0.002%	$254K	$473K	10x	as long as short
Hyperliquid POPCAT	+0.1393%	1h	0.05691	+0.248%	$2.6M	$1.0M	3x	as long as short