Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: BingX against Extended+0.023%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1901.895% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.023%, 7d avg −0.008%

Together, before fees+0.060%+ Points / potential airdropExtended: Active · farm board+$6 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: BingX is 0.031% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05623	0.0104	pay 0.0013% / 1h	15m 15s	$96K	$525K	10x
Short	BingX POPCAT-USDT	0.05624	0.0100	get 0.0050% / 4h	15m 15s	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee ExtendedbpFee BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → −0.008%: $3.1
Slippage, 4 orders: −$174.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$187.26
Costs to cover: 1.895%
Break-even: never at this rate

Slippage from Extended: live order book, 42 min ago; BingX: 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 Extended live order book, 42 min ago	2.69 bp	70.3 bp −$70	441.1 bp −$4,411	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.20 bp	27.0 bp −$27	63.3 bp −$633	539.2 bp −$53.9K	826.7 bp −$413.4K

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	−0.4247%	1h	0.05544	−1.400%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05624	+0.020%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0043%	4h	0.05617	−0.111%	$507K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05625	+0.040%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05630	+0.129%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05614	−0.155%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05626	+0.058%	$695K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	−0.049%	$444K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05627	+0.076%	$1.8M	$969K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05623	+0.005%	$1.1M	$982K	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	0.05624	+0.023%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05624	+0.023%	—	$6.7M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.307%	$22K	$651K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05623	long leg	$96K	$525K	10x
GRVT POPCAT_USDT_Perp	+0.0190%	4h	0.05637	+0.254%	$248K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05629	+0.111%	$126K	$328K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0576%	1h	0.05625	+0.040%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1051%	1h	0.05639	+0.284%	$2.6M	$1.0M	3x	as long as short