Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Gate+0.219%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3133.126% of the position

Long on Gate Short on MEXC

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)−0.088%−$9 · spread now +0.219%, 7d avg +0.085%

Together, before fees−0.087%−$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: MEXC is 0.134% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05487	0.0100	pay 0.0050% / 4h	1h 47m	$416K	$649K	50x
Short	MEXC POPCAT_USDT	0.05499	0.0100	get 0.0050% / 4h	1h 47m	$1.9M	$920K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.219%Rate

Funding earned: $0
Price spread: +0.219% → +0.085%: $13.36
Slippage, 4 orders: −$293.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$299.19
Costs to cover: 3.126%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; MEXC: 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, 34 min ago	8.17 bp	199.3 bp −$199	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	4.55 bp	12.6 bp −$13	60.0 bp −$600	139.2 bp −$13.9K	268.1 bp −$134.0K

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	−0.3374%	1h	0.05417	−1.276%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05483	−0.068%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05496	+0.171%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05495	+0.146%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05495	+0.146%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05485	−0.036%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05492	+0.091%	$676K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05487	long leg	$416K	$649K	50x
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05499	+0.219%	$1.9M	$920K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05496	+0.164%	$1.1M	$995K	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	0.05493	+0.109%	$1.2M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05490	+0.055%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05487	−0.008%	$504K	$175K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05502	+0.273%	$244K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+0.055%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05493	+0.113%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05499	+0.219%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0891%	1h	0.05508	+0.379%	$2.5M	$1.1M	3x	as long as short