Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4308%/8h= +471.7% APRpaid last 24h +1.297%

Price spread now: Bitget against Injective+0.755%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+4.592%+$459 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 +$129 a day on $10k at the current rate, and Bitget is 0.755% dearer against Injective than usual: you sell high and buy low: +$75 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	0.05563	−0.4208	get 0.0526% / 1h	24m 43s	$3K	$2K	5.5x
Short	Bitget POPCATUSDT	0.05605	0.0100	get 0.0050% / 4h	24m 43s	$1.2M	$915K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.755%Rate

Funding earned: $904.7
Price spread: +0.755% → 0.000%: $75.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $968.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	7.11 bp	22.8 bp −$23	114.7 bp −$1,147	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	−0.4208%	1h	0.05563	long leg	$3K	$2K	5.5x
Kraken Futures PF_POPCATUSD	−0.0966%	1h	0.05629	+1.190%	$147K	$139K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05628	+1.161%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05631	+1.222%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05633	+1.259%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05619	+1.007%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05628	+1.168%	$703K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05623	+1.079%	$429K	$644K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05632	+1.240%	$1.9M	$936K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05635	+1.294%	$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 POPCATUSDTshort	+0.0100%	4h	0.05605	+0.755%	$1.2M	$915K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05612	+0.881%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05621	+1.040%	$513K	$178K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	+1.744%	$23K	$649K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05612	+0.878%	$99K	$440K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0158%	4h	0.05651	+1.583%	$256K	$494K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05652	+1.600%	$126K	$296K	50x	as long as short
Hyperliquid POPCAT	+0.0495%	1h	0.05643	+1.445%	$2.6M	$1.0M	3x	as long as short