Funding you earn now, next payment 07:00 UTC−0.4392%/8h= −481.0% APRnext payment −$5.49 per $10,000 · paid last 24h −1.343%
Price spread now: Injective against Extended−1.552%100s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.998%−$500 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$132 a day on $10k at the current rate, and Injective is 1.552% cheaper against Extended than usual: you would sell low and buy high (−$155 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POPCAT-USD | 0.05731 | 0.0104 | pay 0.0013% / 1h | 47m 40s | $95K | $379K | 10x |
| Short | Injective POPCAT/USDC PERP | 0.05642 | −0.4288 | pay 0.0536% / 1h | 47m 40s | $3K | $2K | 5.5x |
Extended POPCAT-USD
Injective POPCAT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$922.4
- Price spread: −1.552% → 0.000%
- −$155.16
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,082.59
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 60 min ago; Injective: no order-book sample. Net counts fees only.
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, 60 min ago | 2.67 bp | 79.3 bp −$79 | 419.7 bp −$4,197 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.4288% | 1h | 0.05642 | −1.552% | $3K | $2K | 5.5x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05731 | +0.007% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0021% | 4h | 0.05716 | −0.268% | $485K | $176K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05732 | +0.019% | $102K | $57K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05732 | +0.019% | $2.5M | $7.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05726 | −0.086% | $9.0M | $7.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05730 | −0.016% | $693K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05730 | −0.016% | $445K | $570K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05737 | +0.106% | $1.8M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05737 | +0.106% | $1.1M | $1.0M | 50x | as long as short |
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit 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 | 0.05738 | +0.123% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05727 | −0.068% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05730 | −0.016% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USDlong | +0.0104% | 1h | 0.05731 | long leg | $95K | $379K | 10x | |
| GRVT POPCAT_USDT_Perp | +0.0250% | 4h | 0.05737 | +0.098% | $249K | $511K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05738 | +0.123% | $131K | $358K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0393% | 1h | 0.05733 | +0.042% | $152K | $155K | 20x | as long as short |
| Hyperliquid POPCAT | +0.0430% | 1h | 0.05742 | +0.202% | $2.7M | $1.4M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT