POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.4324%/8h= −473.5% APRnext payment −$5.41 per $10,000 · paid last 24h −1.613%

Price spread now: Injective against Hyperliquid−2.635%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−5.343%−$534 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$130 a day on $10k at the current rate, and Injective is 2.635% cheaper against Hyperliquid than usual: you would sell low and buy high (−$263 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POPCAT	0.05674	0.0236	pay 0.0029% / 1h	12m 30s	$2.6M	$1.4M	3x
Short	Injective POPCAT/USDC PERP	0.05525	−0.4088	pay 0.0511% / 1h	12m 30s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee InjectivebpOrdersPrice spread, now −2.635%Rate

Funding earned: −$908.13
Price spread: −2.635% → 0.000%: −$263.46
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,180.61
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. 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, 9 min ago	2.61 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.4088%	1h	0.05525	−2.635%	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05674	−0.016%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0032%	4h	0.05661	−0.237%	$481K	$175K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05669	−0.097%	$101K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05674	−0.004%	$2.5M	$7.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05661	−0.238%	$8.9M	$6.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05670	−0.079%	$689K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05670	−0.079%	$443K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05673	−0.026%	$1.8M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05680	+0.097%	$1.1M	$1.0M	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	0.05670	−0.079%	$1.2M	$978K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05670	−0.079%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05680	+0.097%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05670	−0.072%	$97K	$395K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0182%	4h	0.05674	−0.003%	$256K	$500K	10x	as long as short
Hyperliquid POPCATlong	+0.0236%	1h	0.05674	long leg	$2.6M	$1.4M	3x
BloFin POPCAT-USDT	+0.0340%	4h	0.05674	−0.009%	$126K	$342K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0407%	1h	0.05670	−0.071%	$150K	$155K	20x	as long as short