Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.071%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$304as in the Price arb table

costs, in and out, $10k−$3103.101% of the position

Long on Gate Short on BingX

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)−0.009%−$1 · spread now +0.071%, 7d avg +0.010%

Together, before fees−0.009%−$1 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 0.061% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05640	0.0100	pay 0.0050% / 4h	1h 08m	$444K	$638K	50x
Short	BingX POPCAT-USDC	0.05644	0.0100	get 0.0050% / 4h	1h 08m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.010%: $6.06
Slippage, 4 orders: −$285.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$304.08
Costs to cover: 3.101%
Break-even: never at this rate

Slippage from Gate: live order book, 53 min ago; BingX: live order book, 3 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, 53 min ago	9.82 bp	80.6 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	14.21 bp	75.6 bp −$76	344.6 bp −$3,446	624.6 bp −$62.5K	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	−0.4257%	1h	0.05587	−0.940%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05635	−0.082%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0099%	4h	0.05619	−0.365%	$508K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05640	0.000%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05640	+0.005%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05632	−0.142%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05630	−0.177%	$698K	$1.5M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05640	long leg	$444K	$638K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05640	0.000%	$1.8M	$959K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05639	−0.018%	$1.1M	$986K	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	0.05640	0.000%	$1.2M	$940K	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05644	+0.071%	—	$1.6M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	+0.355%	$22K	$649K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05636	−0.071%	$96K	$526K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0134%	4h	0.05651	+0.199%	$250K	$493K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0294%	1h	0.05638	−0.028%	$151K	$147K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05641	+0.018%	$125K	$326K	50x	as long as short
Hyperliquid POPCAT	+0.0859%	1h	0.05652	+0.216%	$2.6M	$996K	3x	as long as short