Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.058%

Price spread now: Binance against KuCoin+0.352%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$412as in the Funding arb table

Net, price: spread back to 7d avg − costs−$354as in the Price arb table

costs, in and out, $10k−$3903.900% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 7 days−0.330%−$33 · spread now +0.352%, 7d avg −0.005%

Together, before fees−0.547%−$55 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: Binance is 0.357% dearer against KuCoin than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05764	0.0100	pay 0.0050% / 4h	1h 26m	$1.1M	$1.0M	50x
Short	Binance POPCATUSDT	0.05784	0.0100	get 0.0050% / 4h	1h 26m	$2.6M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.352%Rate

Funding earned: $0
Price spread: +0.352% → −0.005%: $35.7
Slippage, 4 orders: −$367.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$354.27
Costs to cover: 3.900%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 13 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, 8 min ago	10.48 bp	180.3 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.75 bp	20.8 bp −$21	83.3 bp −$833	doesn't fit	doesn't fit

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	−0.4288%	1h	0.05642	−2.117%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05779	+0.257%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0006%	4h	0.05720	−0.755%	$493K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05777	+0.226%	$103K	$59K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05784	+0.352%	$2.6M	$7.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05772	+0.139%	$9.2M	$7.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05775	+0.191%	$701K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05775	+0.191%	$446K	$574K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05776	+0.208%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05764	long leg	$1.1M	$1.0M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05785	+0.364%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05776	+0.208%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	−0.069%	$23K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05777	+0.232%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0244%	4h	0.05742	−0.375%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05760	−0.069%	$131K	$359K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0390%	1h	0.05775	+0.186%	$153K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0577%	1h	0.05782	+0.314%	$2.7M	$1.4M	3x	as long as short