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: MEXC against KuCoin+0.017%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$490as in the Funding arb table

Net, price: spread back to 7d avg − costs−$466as in the Price arb table

costs, in and out, $10k−$4684.683% of the position

Long on KuCoin Short on MEXC

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+0.030%+$3 · spread now +0.017%, 7d avg −0.010%

Together, before fees−0.188%−$19 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: MEXC is 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05742	0.0100	pay 0.0050% / 4h	6m 08s	$1.1M	$986K	50x
Short	MEXC POPCAT_USDT	0.05743	0.0100	get 0.0050% / 4h	6m 08s	$1.9M	$1.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.010%: $2.73
Slippage, 4 orders: −$452.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$465.58
Costs to cover: 4.683%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 1 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, 9 min ago	11.31 bp	254.4 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	10.44 bp	18.5 bp −$19	61.9 bp −$619	127.9 bp −$12.8K	262.9 bp −$131.5K

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	−0.5000%	1h	0.05667	−1.306%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05739	−0.044%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05730	−0.210%	$154K	$155K	20x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05738	−0.070%	$100K	$61K	10x	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05738	−0.065%	$494K	$175K	—	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05741	−0.017%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05727	−0.261%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05740	−0.035%	$697K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05744	+0.035%	$440K	$551K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05743	+0.017%	$1.9M	$1.1M	200x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05742	long leg	$1.1M	$986K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05738	−0.070%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05736	−0.104%	—	$6.9M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	+0.313%	$23K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05738	−0.063%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0168%	4h	0.05759	+0.296%	$258K	$500K	10x	as long as short
Hyperliquid POPCAT	+0.0220%	1h	0.05743	+0.010%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05741	−0.017%	$132K	$348K	50x	as long as short