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: Gate against KuCoin−0.018%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$560as in the Funding arb table

Net, price: spread back to 7d avg − costs−$531as in the Price arb table

costs, in and out, $10k−$5385.384% of the position

Long on KuCoin Short on Gate

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)+0.013%+$1 · spread now −0.018%, 7d avg −0.090%

Together, before fees−0.206%−$21 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: Gate is 0.072% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05613	0.0100	pay 0.0050% / 4h	2h 46m	$1.1M	$987K	50x
Short	Gate POPCAT_USDT	0.05612	0.0100	get 0.0050% / 4h	2h 46m	$445K	$635K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.090%: $7.22
Slippage, 4 orders: −$511.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$531.2
Costs to cover: 5.384%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 65 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, 3 min ago	9.77 bp	189.8 bp −$190	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	9.69 bp	76.4 bp −$76	doesn't fit	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	−0.4088%	1h	0.05563	−0.891%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05608	−0.087%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0094%	4h	0.05622	+0.161%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05611	−0.036%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05613	−0.005%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05601	−0.214%	$8.8M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05610	−0.053%	$687K	$1.6M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05612	−0.018%	$445K	$635K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05613	0.000%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05613	long leg	$1.1M	$987K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05611	−0.036%	$1.2M	$950K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05606	−0.125%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05644	+0.546%	$251K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.481%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05606	−0.120%	$97K	$405K	10x	as long as short
Hyperliquid POPCAT	+0.0283%	1h	0.05616	+0.048%	$2.6M	$1.1M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05614	+0.018%	$128K	$327K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0411%	1h	0.05617	+0.071%	$149K	$146K	20x	as long as short