Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.038%
Price spread now: MEXC against BloFin−0.338%49s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as 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−$730.726% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.338%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.341% cheaper against BloFin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 49 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 -0.035% in total (about -1.8% 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 | 0.05622 | 0.0340 | pay 0.0170% / 4h | 36m 19s | $125K | $325K | 50x |
| Short | MEXC POPCAT_USDT | 0.05603 | 0.0100 | get 0.0050% / 4h | 36m 19s | $1.8M | $960K | 200x |
BloFin POPCAT-USDT
MEXC POPCAT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.338% → +0.003%
- −$34.14
- Slippage, 4 orders
- −$56.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$157.16
- Costs to cover
- 0.726%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; MEXC: live order book, 5 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, 63 min ago | 3.56 bp | 19.3 bp −$19 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 6.24 bp | 15.4 bp −$15 | 63.3 bp −$633 | 122.9 bp −$12.3K | 256.9 bp −$128.5K |
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 | −0.4247% | 1h | 0.05526 | −1.708% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05594 | −0.501% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0098% | 4h | 0.05596 | −0.463% | $505K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05613 | −0.160% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05603 | −0.338% | $2.4M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05588 | −0.605% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05591 | −0.551% | $693K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05610 | −0.213% | $444K | $635K | 50x | as long as short |
| MEXC POPCAT_USDTshort | +0.0100% | 4h | 0.05603 | −0.338% | $1.8M | $960K | 200x | |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05603 | −0.338% | $1.1M | $981K | 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
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05598 | −0.427% | $1.2M | $939K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05590 | −0.569% | — | $6.7M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05600 | −0.391% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05593 | −0.514% | $95K | $525K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0140% | 4h | 0.05626 | +0.074% | $248K | $502K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05622 | long leg | $125K | $325K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0577% | 1h | 0.05618 | −0.065% | $150K | $145K | 20x | as long as short |
| Hyperliquid POPCAT | +0.1197% | 1h | 0.05605 | −0.302% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT