POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0736%/8h= −80.6% APRnext payment −$0.92 per $10,000 · paid last 24h −0.010%

Price spread now: Reya against Kraken Futures−0.159%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Reya is 0.159% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POPCATUSD	0.05669	0.0508	pay 0.0063% / 1h	41m 01s	$151K	$146K	20x
Short	Reya POPCATRUSDPERP	0.05660	−0.0228	pay 0.0029% / 1h	41m 01s	$1	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.159%Rate

Funding earned: −$154.52
Price spread: −0.159% → 0.000%: −$15.94
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$186.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 11 min ago; Reya: no order-book sample. 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 Kraken Futures live order book, 11 min ago	26.50 bp	51.2 bp −$51	18462.9 bp −$184.6K	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 PERP	−0.4864%	1h	0.05579	−1.581%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERPshort	−0.0228%	1h	0.05660	−0.159%	$1	—	10x
Variational Omni POPCAT	−0.0119%	4h	0.05651	−0.311%	$510K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05667	−0.028%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05668	−0.006%	$2.5M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05662	−0.117%	$8.9M	$6.5M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05672	+0.060%	$700K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05660	−0.152%	$446K	$632K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05667	−0.028%	$1.8M	$979K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05673	+0.077%	$1.1M	$980K	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	0.05663	−0.099%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05661	−0.134%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05688	+0.349%	$254K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05690	+0.377%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05660	−0.145%	$96K	$523K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05670	+0.024%	$129K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSDlong	+0.0508%	1h	0.05669	long leg	$151K	$146K	20x
Hyperliquid POPCAT	+0.0610%	1h	0.05683	+0.248%	$2.7M	$1.0M	3x	as long as short