Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against Bybit+0.144%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)−0.425%−$43 · spread now +0.144%, 7d avg +0.149%
=The price spread sits at its 7-day average of +0.149%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% 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 | Bybit POPCATUSDT | 0.05556 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $8.9M | $5.8M | 50x |
| Short | BloFin POPCAT-USDT | 0.05564 | 0.0340 | get 0.0170% / 4h | 3h 30m | $128K | $278K | 50x |
Bybit POPCATUSDT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.144% → +0.149%
- −$0.52
- Slippage, 4 orders
- −$64.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.77
- Costs to cover
- 0.876%
- Break-even
- 12.2 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 14 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, 3 min ago | 0.90 bp | 24.1 bp −$24 | 85.9 bp −$859 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 2.72 bp | 19.6 bp −$20 | 55.8 bp −$558 | 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 | −0.4497% | 1h | 0.05476 | −1.440% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05554 | −0.028% | $1 | — | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0046% | 1h | 0.05556 | +0.005% | $142K | $117K | 20x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05564 | +0.144% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05565 | +0.157% | $2.4M | $6.2M | 50x | as long as short |
| Bybit POPCATUSDTlong | +0.0100% | 4h | 0.05556 | long leg | $8.9M | $5.8M | 50x | |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05565 | +0.162% | $684K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05561 | +0.090% | $423K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05566 | +0.180% | $2.0M | $906K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05559 | +0.054% | $1.1M | $994K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Kraken Futures PF_POPCATUSD
Lighter POPCAT
Binance POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
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 | 0.05557 | +0.018% | $1.2M | $869K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05560 | +0.072% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05557 | +0.025% | $508K | $173K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05550 | −0.108% | $23K | $637K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05564 | +0.145% | $98K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05564 | +0.144% | $128K | $278K | 50x | |
| GRVT POPCAT_USDT_Perp | +0.0640% | 4h | 0.05568 | +0.212% | $249K | $498K | 10x | as long as short |
| Hyperliquid POPCAT | +0.1029% | 1h | 0.05566 | +0.187% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT