Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.115%

Price spread now: KuCoin against Bybit+0.179%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$388as in the Funding arb table

Net, price: spread back to 7d avg − costs−$408as in the Price arb table

costs, in and out, $10k−$4104.103% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.179%, 7d avg +0.153%

Together, before fees+0.091%+$9 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: KuCoin is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POPCATUSDT	0.05579	0.0100	pay 0.0050% / 4h	1h 51m	$8.8M	$6.3M	50x
Short	KuCoin POPCATUSDTM	0.05589	0.0100	get 0.0050% / 4h	1h 51m	$1.1M	$986K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.153%: $2.6
Slippage, 4 orders: −$387.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$407.69
Costs to cover: 4.103%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 3 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	1.79 bp	26.2 bp −$26	83.1 bp −$831	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.37 bp	179.1 bp −$179	778.8 bp −$7,788	doesn't fit	doesn't fit

POPCAT on 17 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	−0.4257%	1h	0.05519	−1.075%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05591	+0.213%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0031%	4h	0.05600	+0.378%	$504K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05588	+0.161%	$100K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05595	+0.289%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05579	long leg	$8.8M	$6.3M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05591	+0.215%	$690K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05587	+0.143%	$446K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05595	+0.287%	$1.8M	$951K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05589	+0.179%	$1.1M	$986K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05593	+0.251%	$1.2M	$931K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05584	+0.090%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05598	+0.335%	$245K	$485K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	+0.197%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05589	+0.184%	$96K	$524K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0296%	1h	0.05591	+0.209%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1113%	1h	0.05606	+0.480%	$2.6M	$997K	3x	as long as short