POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.179%

Price spread now: Lighter against Hyperliquid−0.119%7-day average −0.116% · you buy dearer than you sell

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

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.119%, 7d avg −0.116%

Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POPCAT	0.05729	0.0255	pay 0.0032% / 1h	20m 40s	$2.7M	$1.4M	3x
Short	Lighter POPCAT	0.05722	0.0096	get 0.0012% / 1h	20m 40s	$100K	$61K	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now −0.119%Rate

Slippage unknown: Hyperliquid: live order book, just now; Lighter: live order book, 45 min ago. Net counts fees only.

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, just now	1.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 45 min ago	12.11 bp	12.1 bp −$12	549.3 bp −$5,493	doesn't fit	doesn't fit

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	−0.5000%	1h	0.05683	−0.799%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05714	−0.261%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0162%	1h	0.05704	−0.428%	$153K	$156K	20x	as long as short
Variational Omni POPCAT	+0.0096%	4h	0.05701	−0.494%	$491K	$179K	—	as long as short
Lighter POPCATshort	+0.0096%	1h	0.05722	−0.119%	$100K	$61K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05724	−0.090%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05714	−0.258%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05723	−0.101%	$696K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05728	−0.014%	$440K	$548K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05722	−0.119%	$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 POPCATUSDTM	+0.0100%	4h	0.05723	−0.101%	$1.1M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05724	−0.084%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05728	−0.014%	—	$6.9M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05720	−0.154%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05710	−0.320%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0118%	4h	0.05717	−0.206%	$249K	$505K	10x	as long as short
Hyperliquid POPCATlong	+0.0255%	1h	0.05729	long leg	$2.7M	$1.4M	3x
BloFin POPCAT-USDT	+0.0340%	4h	0.05727	−0.031%	$133K	$361K	50x	as long as short