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: OKX against Gate−0.036%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2202.200% of the position

Long on Gate Short on OKX

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)+0.179%+$18 · spread now −0.036%, 7d avg +0.038%

Together, before fees+0.179%+$18 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: OKX is 0.073% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05624	0.0100	pay 0.0050% / 4h	2h 50m	$445K	$634K	50x
Short	OKX POPCAT-USDT-SWAP	0.05622	0.0100	get 0.0050% / 4h	2h 50m	$688K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.038%: −$7.32
Slippage, 4 orders: −$195.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$227.34
Costs to cover: 2.200%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; OKX: live order book, 2 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, 61 min ago	9.69 bp	87.0 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	6.22 bp	25.9 bp −$26	doesn't fit	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	−0.4088%	1h	0.05563	−1.085%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05628	+0.064%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0094%	4h	0.05622	−0.035%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05621	−0.053%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05628	+0.071%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05619	−0.089%	$8.8M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05622	−0.036%	$688K	$1.6M	20x
Gate POPCAT_USDTlong	+0.0100%	4h	0.05624	long leg	$445K	$634K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05627	+0.053%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05624	0.000%	$1.1M	$988K	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	0.05623	−0.018%	$1.2M	$949K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05619	−0.089%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05634	+0.186%	$250K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+0.107%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05622	−0.031%	$97K	$405K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05637	+0.231%	$129K	$328K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0411%	1h	0.05617	−0.125%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.0420%	1h	0.05625	+0.023%	$2.6M	$1.1M	3x	as long as short