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: Bitget against Gate+0.244%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2152.148% of the position

Long on Gate Short on Bitget

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)−0.145%−$14 · spread now +0.244%, 7d avg +0.055%

Together, before fees−0.145%−$14 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: Bitget is 0.189% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05748	0.0100	pay 0.0050% / 4h	1h 30m	$443K	$573K	50x
Short	Bitget POPCATUSDT	0.05762	0.0100	get 0.0050% / 4h	1h 30m	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.055%: $18.88
Slippage, 4 orders: −$187.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$195.93
Costs to cover: 2.148%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; Bitget: live order book, 1 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, 11 min ago	8.73 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.34 bp	41.1 bp −$41	142.2 bp −$1,422	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	−1.844%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05756	+0.141%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0006%	4h	0.05720	−0.478%	$493K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05754	+0.104%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05761	+0.226%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05742	−0.104%	$9.1M	$7.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05760	+0.209%	$698K	$1.7M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05748	long leg	$443K	$573K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05757	+0.157%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05750	+0.035%	$1.1M	$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 POPCATUSDTshort	+0.0100%	4h	0.05762	+0.244%	$1.2M	$1.0M	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05746	−0.035%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.313%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05755	+0.128%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0246%	4h	0.05742	−0.104%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05742	−0.104%	$131K	$358K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05731	−0.292%	$152K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0584%	1h	0.05764	+0.284%	$2.7M	$1.4M	3x	as long as short