Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.041%

Price spread now: OKX against KuCoin−0.035%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$483as in the Funding arb table

Net, price: spread back to 7d avg − costs−$457as in the Price arb table

costs, in and out, $10k−$4614.610% of the position

Long on KuCoin Short on OKX

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−0.046%−$5 · spread now −0.035%, 7d avg −0.073%

Together, before fees−0.264%−$26 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: OKX is 0.038% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05708	0.0100	pay 0.0050% / 4h	1h 43m	$1.1M	$799K	50x
Short	OKX POPCAT-USDT-SWAP	0.05706	0.0100	get 0.0050% / 4h	1h 43m	$691K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.073%: $3.83
Slippage, 4 orders: −$439.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$457.17
Costs to cover: 4.610%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: 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, 5 min ago	9.60 bp	188.9 bp −$189	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.38 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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
Kraken Futures PF_POPCATUSD	−0.1170%	1h	0.05701	−0.117%	$152K	$121K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05704	−0.073%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0019%	4h	0.05701	−0.131%	$485K	$140K	—	as long as short
Injective POPCAT/USDC PERP	+0.0033%	1h	0.05670	−0.666%	$3K	$2K	5.5x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05709	+0.018%	$97K	$53K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05717	+0.153%	$2.5M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05703	−0.088%	$9.1M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05706	−0.035%	$691K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05709	+0.018%	$429K	$470K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05713	+0.088%	$1.8M	$971K	200x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05708	long leg	$1.1M	$799K	50x
Bitget POPCATUSDT	+0.0100%	4h	0.05710	+0.035%	$1.2M	$789K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05704	−0.070%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05723	+0.262%	$261K	$455K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05710	+0.035%	$22K	$661K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05707	−0.025%	$92K	$748K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05714	+0.105%	$131K	$295K	50x	as long as short
Hyperliquid POPCAT	+0.0534%	1h	0.05717	+0.161%	$2.7M	$1.3M	3x	as long as short