Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.041%

Price spread now: ApeX Omni against KuCoin+0.035%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$467as in the Funding arb table

Net, price: spread back to 7d avg − costs−$440as in the Price arb table

costs, in and out, $10k−$4454.452% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.035%, 7d avg −0.021%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.056% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05708	0.0100	pay 0.0050% / 4h	1h 43m	$1.1M	$799K	50x
Short	ApeX Omni POPCATUSDT	0.05710	0.0100	get 0.0013% / 1h	43m 39s	$22K	$661K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.021%: $5.57
Slippage, 4 orders: −$423.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$439.63
Costs to cover: 4.452%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 3 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 KuCoin live order book, 4 min ago	9.60 bp	188.9 bp −$189	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	17.48 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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
Kraken Futures PF_POPCATUSD	−0.1170%	1h	0.05701	−0.117%	$152K	$121K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05704	−0.073%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0019%	4h	0.05701	−0.131%	$485K	$140K	—	as long as short
Injective POPCAT/USDC PERP	+0.0033%	1h	0.05670	−0.666%	$3K	$2K	5.5x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05709	+0.018%	$97K	$53K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05716	+0.133%	$2.5M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05704	−0.070%	$9.1M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05706	−0.035%	$691K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05709	+0.018%	$429K	$470K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05715	+0.123%	$1.8M	$970K	200x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05708	long leg	$1.1M	$799K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05710	+0.035%	$1.2M	$789K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05704	−0.070%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05723	+0.262%	$261K	$455K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05710	+0.035%	$22K	$661K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05706	−0.034%	$92K	$748K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05714	+0.105%	$131K	$295K	50x	as long as short
Hyperliquid POPCAT	+0.0532%	1h	0.05717	+0.151%	$2.7M	$1.3M	3x	as long as short