Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate−0.071%66s7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2382.380% of the position

Long on Gate Short on ApeX Omni

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)+0.337%+$34 · spread now −0.071%, 7d avg +0.081%

Together, before fees+0.337%+$34 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 0.152% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 66 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	Gate POPCAT_USDT	0.05634	0.0100	pay 0.0050% / 4h	2h 50m	$446K	$634K	50x
Short	ApeX Omni POPCATUSDT	0.05630	0.0100	get 0.0013% / 1h	50m 13s	$22K	$653K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.081%: −$15.18
Slippage, 4 orders: −$213.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$253.18
Costs to cover: 2.380%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; ApeX Omni: live order book, 63 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 Gate live order book, 61 min ago	9.69 bp	87.0 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	17.64 bp	37.8 bp −$38	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	−0.4088%	1h	0.05563	−1.260%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05628	−0.114%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0094%	4h	0.05622	−0.213%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05621	−0.231%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05631	−0.051%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05620	−0.248%	$8.8M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05612	−0.390%	$689K	$1.6M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05634	long leg	$446K	$634K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05627	−0.124%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05637	+0.053%	$1.1M	$988K	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	0.05625	−0.160%	$1.2M	$948K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05622	−0.213%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05634	+0.008%	$250K	$502K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05630	−0.071%	$22K	$653K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05622	−0.209%	$97K	$405K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05637	+0.053%	$129K	$328K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0411%	1h	0.05617	−0.303%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.0446%	1h	0.05636	+0.035%	$2.6M	$1.1M	3x	as long as short