POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.4822%/8h= +528.0% APRnext payment +$6.03 per $10,000 · paid last 24h +1.235%

Price spread now: Kraken Futures against Injective+1.623%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+4.305%+$430 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 +$145 a day on $10k at the current rate, and Kraken Futures is 1.623% dearer against Injective than usual: you sell high and buy low: +$162 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	0.05544	−0.4247	get 0.0531% / 1h	12m 37s	$3K	$2K	5.5x
Short	Kraken Futures PF_POPCATUSD	0.05634	0.0575	get 0.0072% / 1h	12m 37s	$150K	$146K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +1.623%Rate

Funding earned: $1,012.65
Price spread: +1.623% → 0.000%: $162.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,164.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 45 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 Kraken Futures live order book, 45 min ago	22.38 bp	64.3 bp −$64	doesn't fit	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	−0.4247%	1h	0.05544	long leg	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05632	+1.593%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0043%	4h	0.05617	+1.308%	$507K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05632	+1.587%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05640	+1.723%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05625	+1.461%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05633	+1.605%	$696K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05630	+1.551%	$445K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05638	+1.696%	$1.8M	$969K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05631	+1.569%	$1.1M	$981K	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	0.05633	+1.605%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05630	+1.551%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	+1.371%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05631	+1.564%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0178%	4h	0.05636	+1.659%	$248K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05637	+1.677%	$126K	$328K	50x	as long as short
Kraken Futures PF_POPCATUSDshort	+0.0575%	1h	0.05634	+1.623%	$150K	$146K	20x
Hyperliquid POPCAT	+0.1072%	1h	0.05642	+1.775%	$2.6M	$1.0M	3x	as long as short