Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.115%

Price spread now: Bybit against KuCoin−0.142%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$672as in the Funding arb table

Net, price: spread back to 7d avg − costs−$647as in the Price arb table

costs, in and out, $10k−$6506.499% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.013%−$1 · spread now −0.142%, 7d avg −0.168%

Together, before fees−0.231%−$23 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: Bybit is 0.026% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05633	0.0100	pay 0.0050% / 4h	12m 24s	$1.1M	$981K	50x
Short	Bybit POPCATUSDT	0.05625	0.0100	get 0.0050% / 4h	12m 24s	$8.8M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.168%: $2.64
Slippage, 4 orders: −$626.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$647.29
Costs to cover: 6.499%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 6 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, 2 min ago	8.89 bp	336.9 bp −$337	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.45 bp	24.8 bp −$25	94.8 bp −$948	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	−0.4247%	1h	0.05544	−1.580%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05629	−0.074%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0043%	4h	0.05617	−0.293%	$507K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05632	−0.018%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05639	+0.105%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05625	−0.142%	$8.8M	$6.4M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05633	0.000%	$696K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05630	−0.053%	$445K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05638	+0.089%	$1.8M	$969K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05633	long leg	$1.1M	$981K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05633	0.000%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05630	−0.053%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05620	−0.231%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05631	−0.041%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0178%	4h	0.05636	+0.052%	$248K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05637	+0.071%	$126K	$328K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0575%	1h	0.05634	+0.018%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1072%	1h	0.05645	+0.220%	$2.6M	$1.0M	3x	as long as short