Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.4357%/8h= +477.1% APRpaid last 24h +1.435%

Price spread now: KuCoin against Injective+0.197%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+4.988%+$499 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 +$131 a day on $10k at the current rate, and KuCoin is 0.197% dearer against Injective than usual: you sell high and buy low: +$20 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	0.05587	−0.4257	get 0.0532% / 1h	1m 21s	$3K	$2K	5.5x
Short	KuCoin POPCATUSDTM	0.05598	0.0100	get 0.0050% / 4h	1h 01m	$1.1M	$983K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.197%Rate

Funding earned: $914.98
Price spread: +0.197% → 0.000%: $19.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $922.65
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	12.49 bp	188.9 bp −$189	854.2 bp −$8,542	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	−0.4257%	1h	0.05587	long leg	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05600	+0.228%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0167%	4h	0.05593	+0.115%	$506K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05603	+0.286%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05607	+0.358%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05591	+0.072%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05600	+0.233%	$694K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05595	+0.143%	$442K	$640K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05606	+0.340%	$1.8M	$961K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05598	+0.197%	$1.1M	$983K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05605	+0.322%	$1.2M	$936K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05596	+0.161%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05602	+0.260%	$247K	$493K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05610	+0.412%	$22K	$650K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05599	+0.216%	$95K	$530K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0296%	1h	0.05601	+0.249%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05608	+0.376%	$126K	$325K	50x	as long as short
Hyperliquid POPCAT	+0.0912%	1h	0.05616	+0.514%	$2.6M	$997K	3x	as long as short