Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.039%
Price spread now: Bitget against BloFin−0.266%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now −0.266%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.236% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. 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 | 0.05635 | 0.0340 | pay 0.0170% / 4h | 1h 06m | $125K | $326K | 50x |
| Short | Bitget POPCATUSDT | 0.05620 | 0.0100 | get 0.0050% / 4h | 1h 06m | $1.2M | $936K | 50x |
BloFin POPCAT-USDT
Bitget POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.266% → −0.030%
- −$23.59
- Slippage, 4 orders
- −$85.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$183.18
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Bitget: live order book, 4 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 | 3.56 bp | 19.3 bp −$19 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.08 bp | 46.9 bp −$47 | 122.5 bp −$1,225 | 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 | −0.4257% | 1h | 0.05587 | −0.852% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05626 | −0.156% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0099% | 4h | 0.05619 | −0.277% | $508K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05621 | −0.248% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05620 | −0.266% | $2.4M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05609 | −0.461% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05614 | −0.373% | $695K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05620 | −0.266% | $442K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05623 | −0.213% | $1.8M | $960K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05625 | −0.177% | $1.1M | $983K | 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 POPCATUSDTshort | +0.0100% | 4h | 0.05620 | −0.266% | $1.2M | $936K | 50x | |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05615 | −0.355% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | +0.089% | $22K | $650K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05615 | −0.364% | $96K | $526K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0130% | 4h | 0.05648 | +0.230% | $250K | $493K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0294% | 1h | 0.05626 | −0.166% | $150K | $146K | 20x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05635 | long leg | $125K | $326K | 50x | |
| Hyperliquid POPCAT | +0.0877% | 1h | 0.05629 | −0.112% | $2.6M | $996K | 3x | as long as short |
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT