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: Gate against Bybit+0.018%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2112.111% of the position

Long on Bybit Short on Gate

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)+0.038%+$4 · spread now +0.018%, 7d avg +0.062%

Together, before fees+0.038%+$4 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: Gate is 0.045% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05659	0.0100	pay 0.0050% / 4h	3h 22m	$8.9M	$6.6M	50x
Short	Gate POPCAT_USDT	0.05660	0.0100	get 0.0050% / 4h	3h 22m	$446K	$635K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.062%: −$4.48
Slippage, 4 orders: −$185.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$215.59
Costs to cover: 2.111%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 29 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	20.1 bp −$20	81.1 bp −$811	doesn't fit	doesn't fit
Sell Gate live order book, 29 min ago	9.69 bp	76.4 bp −$76	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	−0.4864%	1h	0.05632	−0.477%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05659	−0.007%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0123%	4h	0.05665	+0.114%	$510K	$164K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05666	+0.124%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05672	+0.230%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05659	long leg	$8.9M	$6.6M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05666	+0.124%	$697K	$1.6M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05660	+0.018%	$446K	$635K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05666	+0.124%	$1.8M	$994K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05664	+0.088%	$1.1M	$985K	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	0.05666	+0.124%	$1.2M	$942K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05664	+0.088%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05694	+0.618%	$253K	$515K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05690	+0.548%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05665	+0.114%	$97K	$473K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05679	+0.353%	$130K	$330K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0508%	1h	0.05668	+0.157%	$151K	$147K	20x	as long as short
Hyperliquid POPCAT	+0.0574%	1h	0.05665	+0.101%	$2.7M	$1.1M	3x	as long as short