Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.041%
Price spread now: Lighter against BloFin−0.279%60s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as 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−$830.832% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.279%, 7d avg +0.016%
=Together, before fees+0.762%+ Points / potential airdropLighter: Season 3 · farm board+$76 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.296% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.370%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POPCAT-USDT | 0.05727 | 0.0340 | pay 0.0170% / 4h | 55m 56s | $133K | $362K | 50x |
| Short | Lighter POPCAT | 0.05711 | 0.0096 | get 0.0012% / 1h | 55m 56s | $101K | $59K | 10x |
BloFin POPCAT-USDT
Lighter POPCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$51.24
- Price spread: −0.279% → +0.016%
- −$29.56
- Slippage, 4 orders
- −$71.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$164
- Costs to cover
- 0.832%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; Lighter: live order book, 10 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, 24 min ago | 11.26 bp | 29.8 bp −$30 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 12.11 bp | 12.1 bp −$12 | 549.3 bp −$5,493 | 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 | −0.5000% | 1h | 0.05666 | −1.065% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05704 | −0.396% | $1 | — | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0162% | 1h | 0.05710 | −0.302% | $153K | $161K | 20x | as long as short |
| Variational Omni POPCAT | +0.0029% | 4h | 0.05717 | −0.166% | $492K | $181K | — | as long as short |
| Lighter POPCATshort | +0.0096% | 1h | 0.05711 | −0.279% | $101K | $59K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05718 | −0.150% | $2.5M | $8.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05703 | −0.419% | $9.0M | $7.5M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05716 | −0.192% | $695K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05715 | −0.210% | $442K | $543K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05719 | −0.140% | $1.9M | $1.0M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Kraken Futures PF_POPCATUSD
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05713 | −0.244% | $1.1M | $1.0M | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05719 | −0.140% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05714 | −0.227% | — | $6.9M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05740 | +0.227% | $22K | $660K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05716 | −0.186% | $93K | $372K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0130% | 4h | 0.05739 | +0.210% | $262K | $503K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05727 | long leg | $133K | $362K | 50x | |
| Hyperliquid POPCAT | +0.0596% | 1h | 0.05724 | −0.059% | $2.7M | $1.4M | 3x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT