Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.312%

Price spread now: Binance against Injective+0.993%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+4.708%+$471 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Binance is 0.993% dearer against Injective than usual: you sell high and buy low: +$99 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POPCAT/USDC PERP	0.05540	−0.5000	get 0.0625% / 1h	40m 42s	$3K	$2K	5.5x
Short	Binance POPCATUSDT	0.05595	0.0100	get 0.0050% / 4h	2h 40m	$2.3M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.993%Rate

Funding earned: $1,071
Price spread: +0.993% → 0.000%: $99.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $1,160.26
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 13 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	1.78 bp	28.4 bp −$28	85.7 bp −$857	doesn't fit	doesn't fit

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 PERPlong	−0.5000%	1h	0.05540	long leg	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05601	+1.104%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0073%	4h	0.05592	+0.941%	$507K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05589	+0.884%	$100K	$52K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05595	+0.993%	$2.3M	$6.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05578	+0.686%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05584	+0.794%	$689K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05590	+0.903%	$448K	$628K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05603	+1.137%	$1.8M	$963K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05603	+1.137%	$1.1M	$992K	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	0.05588	+0.866%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05595	+0.993%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05649	+1.968%	$247K	$485K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05630	+1.625%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05593	+0.959%	$95K	$525K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05654	+2.058%	$125K	$301K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0636%	1h	0.05602	+1.126%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1268%	1h	0.05599	+1.061%	$2.6M	$985K	3x	as long as short