Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.024%
Price spread now: Lighter against KuCoin0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$421as in the Funding arb table
Net, price: spread back to 7d avg − costs−$443as in the Price arb table
costs, in and out, $10k−$4424.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.202%+$20 on $10k
Price spread, last 4 days (all we have)+0.214%+$21 · spread now 0.000%, 7d avg +0.015%
Together, before fees+0.416%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin POPCATUSDTM0.056580.0100pay 0.0050% / 4h3h 21m$1.1M$989K50x
ShortLighter POPCAT0.056580.0096get 0.0012% / 1h21m 59s$102K$46K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: 0.000% → +0.015%
−$1.46
Slippage, 4 orders
−$429.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$443.85
Costs to cover
4.416%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago8.83 bp227.5 bp −$228doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 24 min ago17.70 bp17.7 bp −$18626.0 bp −$6,260doesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.4945%1h0.05301−6.310%$3K$2K5.5xas long as short
Kraken Futures PF_POPCATUSD−0.0392%1h0.05665+0.132%$151K$142K20xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05655−0.059%$110xas long as short
Lighter POPCATshort+0.0096%1h0.056580.000%$102K$46K10x
Binance POPCATUSDT+0.0100%4h0.05658+0.002%$2.4M$6.6M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05643−0.265%$9.0M$6.1M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05640−0.318%$701K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05660+0.035%$456K$647K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05657−0.018%$1.9M$951K200xas long as short
KuCoin POPCATUSDTMlong+0.0100%4h0.05658long leg$1.1M$989K50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05656−0.035%$1.2M$928K50xas long as short
BingX POPCAT-USDT+0.0100%4h0.05653−0.088%$6.8Mas long as short
Variational Omni POPCAT+0.0100%4h0.05657−0.016%$513K$165Kas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05660+0.035%$23K$651K25xas long as short
Extended POPCAT-USD+0.0104%1h0.05655−0.049%$97K$527K10xas long as short
GRVT POPCAT_USDT_Perp+0.0334%4h0.05678+0.353%$254K$473K10xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05661+0.053%$125K$297K50xas long as short
Hyperliquid POPCAT+0.1424%1h0.05668+0.168%$2.6M$982K3xas long as short