Funding you earn now, next payment 05:00 UTC−0.0569%/8h= −62.3% APRpaid last 24h −0.274%
Price spread now: Bitget against Hyperliquid−0.296%7-day average −0.140% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 7 days+0.035%+$4 · spread now −0.296%, 7d avg −0.140%
=Together, before fees−0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.156% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POPCAT | 0.05680 | 0.0669 | pay 0.0084% / 1h | 55m 02s | $2.6M | $1.0M | 3x |
| Short | Bitget POPCATUSDT | 0.05663 | 0.0100 | get 0.0050% / 4h | 3h 55m | $1.2M | $936K | 50x |
Hyperliquid POPCAT
Bitget POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$119.46
- Price spread: −0.296% → −0.140%
- −$15.57
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$156.03
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Bitget: live order book, 1 min ago. Net counts fees only.
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 Hyperliquid live order book, 6 min ago | 1.85 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.97 bp | 37.5 bp −$37 | 125.4 bp −$1,254 | 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 | −0.4864% | 1h | 0.05579 | −1.775% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05668 | −0.202% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0106% | 4h | 0.05630 | −0.885% | $508K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05668 | −0.208% | $102K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05675 | −0.077% | $2.4M | $7.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05658 | −0.384% | $8.9M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05672 | −0.137% | $701K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05652 | −0.489% | $445K | $630K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05674 | −0.102% | $1.8M | $964K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05654 | −0.454% | $1.1M | $979K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDTshort | +0.0100% | 4h | 0.05663 | −0.296% | $1.2M | $936K | 50x | |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05665 | −0.261% | — | $6.7M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05649 | −0.542% | $252K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | −0.701% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05668 | −0.209% | $96K | $523K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05654 | −0.454% | $127K | $329K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0508% | 1h | 0.05668 | −0.210% | $151K | $146K | 20x | as long as short |
| Hyperliquid POPCATlong | +0.0669% | 1h | 0.05680 | long leg | $2.6M | $1.0M | 3x |
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD