Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Extended+0.369%52s7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2312.307% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.369%, 7d avg +0.069%
Together, before fees+0.178%+ Points / potential airdropExtended: Active · farm board+$18 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 0.300% dearer against Extended than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.069%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended POPCAT-USD0.056290.0104pay 0.0013% / 1h26m 36s$96K$529K10x
ShortApeX Omni POPCATUSDT0.056500.0100get 0.0013% / 1h26m 36s$22K$651K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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

Funding earned
−$0.84
Price spread: +0.369% → +0.069%
$30.01
Slippage, 4 orders
−$215.69
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$201.52
Costs to cover
2.307%
Break-even
never at this rate
Slippage from Extended: live order book, 36 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 36 min ago2.68 bp67.3 bp −$67415.3 bp −$4,153doesn't fitdoesn't fit
Sell ApeX Omni live order book, 37 min ago26.76 bp45.1 bp −$45doesn't fitdoesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.4257%1h0.05560−1.230%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05633+0.070%$110xas long as short
Variational Omni POPCAT−0.0120%4h0.05631+0.028%$510K$162Kas long as short
Lighter POPCAT+0.0096%1h0.05630+0.013%$101K$51K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05634+0.080%$2.3M$6.9M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05620−0.164%$8.8M$6.3M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05634+0.084%$695K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05630+0.013%$446K$637K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05634+0.084%$1.8M$957K200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05631+0.031%$1.1M$986K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05632+0.049%$1.2M$938K50xas long as short
BingX POPCAT-USDC+0.0100%4h0.05622−0.129%$1.6Mas long as short
ApeX Omni POPCATUSDTshort+0.0100%1h0.05650+0.369%$22K$651K25x
Extended POPCAT-USDlong+0.0104%1h0.05629long leg$96K$529K10x
GRVT POPCAT_USDT_Perp+0.0140%4h0.05644+0.262%$252K$494K10xas long as short
Kraken Futures PF_POPCATUSD+0.0294%1h0.05631+0.034%$151K$146K20xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05630+0.013%$124K$325K50xas long as short
Hyperliquid POPCAT+0.0809%1h0.05648+0.326%$2.6M$997K3xas long as short