Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.051%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1771.774% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.051%, 7d avg +0.092%

Together, before fees+0.090%+$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: Binance is 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05770	0.0100	pay 0.0050% / 4h	1h 03m	$446K	$579K	50x
Short	Binance POPCATUSDT	0.05773	0.0100	get 0.0050% / 4h	1h 03m	$2.6M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.092%: −$4.07
Slippage, 4 orders: −$152.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$181.45
Costs to cover: 1.774%
Break-even: never at this rate

Slippage from Gate: live order book, 38 min ago; Binance: live order book, 6 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, 38 min ago	8.73 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.86 bp	19.4 bp −$19	72.3 bp −$723	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	−0.4288%	1h	0.05642	−2.218%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05768	−0.029%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0003%	4h	0.05771	+0.026%	$496K	$181K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05770	0.000%	$102K	$59K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05773	+0.051%	$2.6M	$7.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05759	−0.191%	$9.2M	$7.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05772	+0.035%	$701K	$1.7M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05770	long leg	$446K	$579K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05769	−0.017%	$1.9M	$1.1M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05772	+0.035%	$1.2M	$1.0M	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	0.05768	−0.035%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05768	−0.035%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05790	+0.347%	$23K	$659K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05770	−0.007%	$94K	$381K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0150%	4h	0.05791	+0.360%	$264K	$503K	10x	as long as short
Hyperliquid POPCAT	+0.0257%	1h	0.05775	+0.087%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05779	+0.156%	$133K	$365K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0391%	1h	0.05766	−0.070%	$151K	$158K	20x	as long as short