Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: KuCoin against Gate−0.035%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$535as in the Funding arb table

Net, price: spread back to 7d avg − costs−$569as in the Price arb table

costs, in and out, $10k−$5575.571% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.035%, 7d avg +0.086%

Together, before fees+0.191%+$19 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: KuCoin is 0.121% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05730	0.0100	pay 0.0050% / 4h	3h 20m	$408K	$500K	50x
Short	KuCoin POPCATUSDTM	0.05728	0.0100	get 0.0050% / 4h	3h 20m	$1.1M	$845K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.086%: −$12.14
Slippage, 4 orders: −$530.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$569.29
Costs to cover: 5.571%
Break-even: never at this rate

Slippage from Gate: live order book, 10 min ago; KuCoin: live order book, 4 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, 10 min ago	8.90 bp	71.9 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.69 bp	185.8 bp −$186	871.4 bp −$8,714	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	−0.4200%	1h	0.05620	−1.920%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1108%	1h	0.05717	−0.226%	$154K	$148K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05722	−0.141%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05732	+0.035%	$100K	$55K	10x	as long as short
Hyperliquid POPCAT	+0.0100%	1h	0.05743	+0.232%	$2.7M	$1.4M	3x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05738	+0.132%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05727	−0.052%	$9.1M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05737	+0.122%	$695K	$1.7M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05730	long leg	$408K	$500K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05732	+0.035%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05728	−0.035%	$1.1M	$845K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05739	+0.157%	$1.2M	$971K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05735	+0.087%	—	$6.9M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05628	−1.773%	$477K	$174K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05720	−0.175%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05731	+0.011%	$97K	$748K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0300%	4h	0.05725	−0.088%	$258K	$485K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05726	−0.070%	$129K	$344K	50x	as long as short