Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit+0.696%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$1211.213% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.467%−$47 · spread now +0.696%, 7d avg +0.142%

Together, before fees−0.467%−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.554% dearer against Bybit than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05601	0.0100	pay 0.0050% / 4h	2h 47m	$8.8M	$6.7M	50x
Short	ApeX Omni POPCATUSDT	0.05640	0.0100	get 0.0013% / 1h	47m 16s	$22K	$654K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.696%Rate

Funding earned: $0
Price spread: +0.696% → +0.142%: $55.4
Slippage, 4 orders: −$100.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$65.92
Costs to cover: 1.213%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 66 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 Bybit live order book, 1 min ago	0.89 bp	20.3 bp −$20	82.3 bp −$823	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 66 min ago	17.64 bp	37.8 bp −$38	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	−0.4088%	1h	0.05563	−0.678%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05608	+0.127%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0094%	4h	0.05622	+0.375%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05614	+0.232%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05612	+0.196%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05601	long leg	$8.8M	$6.7M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05610	+0.161%	$687K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	+0.339%	$445K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05611	+0.179%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05616	+0.268%	$1.1M	$987K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05611	+0.179%	$1.2M	$950K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05608	+0.125%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05644	+0.761%	$251K	$502K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05640	+0.696%	$22K	$654K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05608	+0.129%	$97K	$405K	10x	as long as short
Hyperliquid POPCAT	+0.0302%	1h	0.05614	+0.232%	$2.6M	$1.1M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05614	+0.232%	$128K	$327K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0411%	1h	0.05617	+0.285%	$149K	$146K	20x	as long as short