Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hpaid last 24h +0.001%

Price spread now: Extended against Gate+0.049%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2862.863% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.049%, 7d avg +0.017%

Together, before fees−0.029%+ Points / potential airdropExtended: Active · farm board−$3 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: Extended is 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05461	0.0100	pay 0.0050% / 4h	30m 16s	$414K	$677K	50x
Short	Extended POPCAT-USD	0.05464	0.0104	get 0.0013% / 1h	30m 16s	$96K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0.84
Price spread: +0.049% → +0.017%: $3.2
Slippage, 4 orders: −$266.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$282.24
Costs to cover: 2.863%
Break-even: 2359.0 days

Slippage from Gate: live order book, 8 min ago; Extended: 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, 8 min ago	7.30 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	3.66 bp	80.1 bp −$80	431.0 bp −$4,310	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	−0.4313%	1h	0.05423	−0.696%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05463	+0.045%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05466	+0.092%	$99K	$47K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05465	+0.073%	$2.4M	$6.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05458	−0.055%	$8.7M	$5.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05464	+0.055%	$678K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05461	long leg	$414K	$677K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05464	+0.055%	$1.9M	$906K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05466	+0.092%	$1.1M	$996K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05463	+0.037%	$1.1M	$858K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX POPCAT-USDT	+0.0100%	4h	0.05462	+0.018%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05458	−0.055%	$506K	$166K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05480	+0.348%	$22K	$634K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05464	+0.049%	$96K	$440K	10x
GRVT POPCAT_USDT_Perp	+0.0108%	4h	0.05471	+0.185%	$243K	$496K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05469	+0.146%	$130K	$266K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0419%	1h	0.05457	−0.073%	$139K	$116K	20x	as long as short
Hyperliquid POPCAT	+0.1875%	1h	0.05477	+0.297%	$2.5M	$1.0M	3x	as long as short