Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hpaid last 24h −0.151%

Price spread now: Extended against KuCoin−0.104%7-day average −0.081% · you buy dearer than you sell

to open and close $10k−$457fees + slippage, both legs, in and out

costs, in % of the position4.571%what the two incomes have to cover

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.104%, 7d avg −0.081%

Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 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: Extended is 0.023% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05478	0.0100	pay 0.0050% / 4h	49m 49s	$1.1M	$994K	50x
Short	Extended POPCAT-USD	0.05472	0.0104	get 0.0013% / 1h	49m 49s	$96K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0.84
Price spread: −0.104% → −0.081%: −$2.33
Slippage, 4 orders: −$440.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$458.57
Costs to cover: 4.571%
Break-even: 3828.4 days

Slippage from KuCoin: live order book, 11 min ago; Extended: live order book, 2 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, 11 min ago	4.56 bp	161.8 bp −$162	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	3.66 bp	74.6 bp −$75	430.7 bp −$4,307	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	−0.4313%	1h	0.05423	−1.004%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05473	−0.094%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05478	0.000%	$99K	$47K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05476	−0.039%	$2.4M	$6.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05465	−0.237%	$8.7M	$5.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05470	−0.146%	$679K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05468	−0.183%	$413K	$677K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05475	−0.055%	$1.9M	$901K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05478	long leg	$1.1M	$994K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05474	−0.073%	$1.1M	$857K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX POPCAT-USDC	+0.0100%	4h	0.05472	−0.110%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05469	−0.166%	$508K	$166K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05480	+0.037%	$23K	$632K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05472	−0.104%	$96K	$440K	10x
GRVT POPCAT_USDT_Perp	+0.0148%	4h	0.05475	−0.055%	$243K	$513K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05469	−0.164%	$130K	$265K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0419%	1h	0.05465	−0.241%	$139K	$117K	20x	as long as short
Hyperliquid POPCAT	+0.1809%	1h	0.05487	+0.159%	$2.5M	$1.0M	3x	as long as short