Funding you earn now, next payment 00:00 UTC+0.1059%/8h= +115.9% APRpaid last 24h +0.032%
Price spread now: BingX against Kraken Futures−0.315%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$1741.740% of the position
Funding, last 7 days+0.513%+$51 on $10k
+Price spread, last 3 days (all we have)+1.274%+$127 · spread now −0.315%, 7d avg +0.099%
=Funding pays, the price is against you. BingX is 0.414% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of +0.099%). If the spread goes back, that is −$41 on $10k: about 31 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.513% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.513% in total (about 26.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05670 | −0.0959 | get 0.0120% / 1h | 38m 46s | $152K | $129K | 20x |
| Short | BingX POPCAT-USDT | 0.05652 | 0.0100 | get 0.0050% / 4h | 38m 46s | — | $6.8M | — |
Kraken Futures PF_POPCATUSD
BingX POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $222.35
- Price spread: −0.315% → +0.099%
- −$41.41
- Slippage, 4 orders
- −$154.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.92
- Costs to cover
- 1.740%
- Break-even
- 6.8 days
Slippage from Kraken Futures: live order book, 38 min ago; BingX: live order book, 14 min ago.
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 Kraken Futures live order book, 38 min ago | 24.60 bp | 50.0 bp −$50 | 7244.9 bp −$72.4K | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 4.49 bp | 21.3 bp −$21 | 62.0 bp −$620 | 561.4 bp −$56.1K | 837.1 bp −$418.5K |
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 PERP | −0.4208% | 1h | 0.05594 | −1.338% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDlong | −0.0959% | 1h | 0.05670 | long leg | $152K | $129K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05679 | +0.162% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05688 | +0.320% | $102K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05688 | +0.312% | $2.4M | $6.5M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05672 | +0.038% | $9.0M | $6.0M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05656 | −0.245% | $714K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05687 | +0.302% | $434K | $638K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05669 | −0.015% | $1.9M | $931K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05685 | +0.267% | $1.1M | $983K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05656 | −0.245% | $1.2M | $895K | 50x | as long as short |
| BingX POPCAT-USDTshort | +0.0100% | 4h | 0.05652 | −0.315% | — | $6.8M | — | |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05628 | −0.742% | $513K | $178K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05670 | +0.002% | $23K | $647K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05683 | +0.232% | $100K | $440K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0218% | 4h | 0.05686 | +0.276% | $256K | $473K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05682 | +0.214% | $125K | $294K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0555% | 1h | 0.05698 | +0.491% | $2.6M | $987K | 3x | as long as short |
Bitget POPCATUSDT
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Hyperliquid POPCAT