Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.050%
Price spread now: ApeX Omni against BloFin+0.157%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1521.516% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.157%, 7d avg −0.018%
=The price spread pays, funding is against you. ApeX Omni is 0.175% dearer against BloFin than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.018%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.050% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POPCAT-USDT | 0.05731 | 0.0340 | pay 0.0170% / 4h | 1h 52m | $131K | $357K | 50x |
| Short | ApeX Omni POPCATUSDT | 0.05740 | 0.0100 | get 0.0013% / 1h | 52m 03s | $22K | $655K | 25x |
BloFin POPCAT-USDT
ApeX Omni POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.157% → −0.018%
- $17.51
- Slippage, 4 orders
- −$129.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$184.47
- Costs to cover
- 1.516%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; ApeX Omni: live order book, 56 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 BloFin live order book, 33 min ago | 8.14 bp | 25.6 bp −$26 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 56 min ago | 26.67 bp | 41.6 bp −$42 | 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 | −0.4288% | 1h | 0.05642 | −1.553% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05723 | −0.134% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0050% | 4h | 0.05727 | −0.061% | $484K | $176K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05726 | −0.087% | $102K | $57K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05728 | −0.056% | $2.5M | $7.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05712 | −0.332% | $9.0M | $7.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05724 | −0.122% | $693K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05723 | −0.140% | $445K | $570K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05725 | −0.105% | $1.8M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05731 | 0.000% | $1.1M | $1.0M | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05730 | −0.017% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05717 | −0.244% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDTshort | +0.0100% | 1h | 0.05740 | +0.157% | $22K | $655K | 25x | |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05725 | −0.097% | $95K | $380K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0286% | 4h | 0.05744 | +0.226% | $250K | $511K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05731 | long leg | $131K | $357K | 50x | |
| Hyperliquid POPCAT | +0.0391% | 1h | 0.05733 | +0.026% | $2.7M | $1.4M | 3x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0393% | 1h | 0.05728 | −0.053% | $152K | $155K | 20x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT
Kraken Futures PF_POPCATUSD