Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.4388%/8h= +480.5% APRpaid last 24h +1.342%

Price spread now: MEXC against Injective+2.198%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+4.990%+$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 +$132 a day on $10k at the current rate, and MEXC is 2.198% dearer against Injective than usual: you sell high and buy low: +$220 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	17m 19s	$3K	$2K	5.5x
Short	MEXC POPCAT_USDT	0.05766	0.0100	get 0.0050% / 4h	1h 17m	$1.9M	$1.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +2.198%Rate

Funding earned: $921.56
Price spread: +2.198% → 0.000%: $219.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1,137.32
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	7.78 bp	18.8 bp −$19	72.7 bp −$727	145.5 bp −$14.5K	269.5 bp −$134.7K

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	0.05762	+2.120%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0032%	4h	0.05767	+2.224%	$496K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05763	+2.145%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05767	+2.214%	$2.6M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05754	+1.985%	$9.2M	$7.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05760	+2.091%	$701K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05772	+2.304%	$446K	$575K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05766	+2.198%	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05771	+2.286%	$1.2M	$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	0.05765	+2.180%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05760	+2.091%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05780	+2.446%	$23K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05761	+2.107%	$94K	$381K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0232%	4h	0.05777	+2.394%	$263K	$517K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05777	+2.393%	$132K	$360K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0392%	1h	0.05752	+1.950%	$151K	$158K	20x	as long as short
Hyperliquid POPCAT	+0.0424%	1h	0.05770	+2.274%	$2.7M	$1.4M	3x	as long as short