POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.4384%/8h= +480.1% APRnext payment +$5.48 per $10,000 · paid last 24h +1.433%

Price spread now: Lighter against Injective+1.790%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+5.409%+$541 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$132 a day on $10k at the current rate, and Lighter is 1.790% dearer against Injective than usual: you sell high and buy low: +$179 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	0.05642	−0.4288	get 0.0536% / 1h	29m 08s	$3K	$2K	5.5x
Short	Lighter POPCAT	0.05743	0.0096	get 0.0012% / 1h	29m 08s	$102K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +1.790%Rate

Funding earned: $920.72
Price spread: +1.790% → 0.000%: $179.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $1,099.72
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 41 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 Lighter live order book, 41 min ago	18.39 bp	18.4 bp −$18	518.6 bp −$5,186	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	−0.4288%	1h	0.05642	long leg	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05741	+1.756%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0006%	4h	0.05720	+1.391%	$493K	$180K	—	as long as short
Lighter POPCATshort	+0.0096%	1h	0.05743	+1.790%	$102K	$57K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05747	+1.865%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05748	+1.879%	$9.1M	$7.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05734	+1.631%	$696K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05750	+1.914%	$443K	$573K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05749	+1.896%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05748	+1.879%	$1.1M	$1.0M	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	0.05743	+1.790%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05744	+1.808%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	+1.560%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05742	+1.766%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0244%	4h	0.05742	+1.779%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05760	+2.091%	$131K	$359K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0392%	1h	0.05738	+1.698%	$152K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0580%	1h	0.05741	+1.756%	$2.7M	$1.4M	3x	as long as short