Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.050%
Price spread now: Gate against BloFin−0.088%78s7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2082.075% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.088%, 7d avg −0.082%
=The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
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; 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 | 0.05688 | 0.0340 | pay 0.0170% / 4h | 3h 19m | $130K | $331K | 50x |
| Short | Gate POPCAT_USDT | 0.05683 | 0.0100 | get 0.0050% / 4h | 3h 19m | $448K | $635K | 50x |
BloFin POPCAT-USDT
Gate POPCAT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.088% → −0.082%
- −$0.6
- Slippage, 4 orders
- −$180.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.54
- Costs to cover
- 2.075%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Gate: live order book, 31 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, 10 min ago | 2.63 bp | 26.3 bp −$26 | 56.7 bp −$567 | doesn't fit | doesn't fit |
| Sell Gate live order book, 31 min ago | 9.69 bp | 76.4 bp −$76 | 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 | −0.4864% | 1h | 0.05632 | −0.985% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05687 | −0.016% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0146% | 4h | 0.05672 | −0.290% | $509K | $164K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05685 | −0.053% | $102K | $56K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05689 | +0.018% | $2.5M | $7.2M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05678 | −0.176% | $9.0M | $6.6M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05682 | −0.105% | $699K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDTshort | +0.0100% | 4h | 0.05683 | −0.088% | $448K | $635K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05686 | −0.035% | $1.8M | $995K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05684 | −0.070% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
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 | 0.05683 | −0.088% | $1.2M | $943K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05681 | −0.123% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05694 | +0.105% | $253K | $515K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05690 | +0.035% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05683 | −0.093% | $98K | $418K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05688 | long leg | $130K | $331K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0506% | 1h | 0.05686 | −0.039% | $151K | $147K | 20x | as long as short |
| Hyperliquid POPCAT | +0.0575% | 1h | 0.05690 | +0.032% | $2.7M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT