Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.004%7-day average +0.163% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.167%+$17 · spread now +0.004%, 7d avg +0.163%

Together, before fees+0.168%+$17 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: Binance is 0.159% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05740	0.0100	pay 0.0050% / 4h	16m 34s	$9.1M	$7.6M	50x
Short	Binance POPCATUSDT	0.05740	0.0100	get 0.0050% / 4h	16m 34s	$2.6M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.163%: −$15.9
Slippage, 4 orders: −$80.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.24
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago	3.49 bp	21.2 bp −$21	78.2 bp −$782	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.75 bp	25.8 bp −$26	113.2 bp −$1,132	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	0.05667	−1.272%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05748	+0.137%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05741	+0.010%	$154K	$156K	20x	as long as short
Variational Omni POPCAT	+0.0096%	4h	0.05701	−0.688%	$491K	$179K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05741	+0.017%	$100K	$61K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05740	+0.004%	$2.6M	$8.0M	50x
Bybit POPCATUSDTlong	+0.0100%	4h	0.05740	long leg	$9.1M	$7.6M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05734	−0.105%	$698K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05744	+0.070%	$441K	$548K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05745	+0.087%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05747	+0.122%	$1.1M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05745	+0.087%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05745	+0.087%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.174%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05732	−0.139%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05746	+0.110%	$250K	$505K	10x	as long as short
Hyperliquid POPCAT	+0.0241%	1h	0.05748	+0.141%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05756	+0.279%	$133K	$350K	50x	as long as short