POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0246%/8h= −26.9% APRnext payment −$1.23 per $10,000 · paid last 24h −0.066%

Price spread now: Variational Omni against KuCoin−0.220%7-day average −0.147% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.171%−$17 on $10k

Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.220%, 7d avg −0.147%

Together, before fees+0.163%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.147%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05684	0.0100	pay 0.0050% / 4h	3h 17m	$1.1M	$987K	50x
Short	Variational Omni POPCAT	0.05672	−0.0146	pay 0.0073% / 4h	3h 17m	$509K	$164K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.220%Rate

Funding earned: −$51.65
Price spread: −0.220% → −0.147%: −$7.3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 36 min ago. Net counts fees only.

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, 2 min ago	10.59 bp	200.2 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	7.99 bp	doesn't fit	84.3 bp −$843	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	−0.4864%	1h	0.05611	−1.284%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05676	−0.144%	$1	—	10x	as long as short
Variational Omni POPCATshort	−0.0146%	4h	0.05672	−0.220%	$509K	$164K	—
Lighter POPCAT	+0.0096%	1h	0.05693	+0.158%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05699	+0.264%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05686	+0.035%	$9.0M	$6.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05690	+0.106%	$700K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05683	−0.018%	$447K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05695	+0.194%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05684	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	0.05694	+0.176%	$1.2M	$943K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05690	+0.106%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05682	−0.032%	$253K	$515K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05680	−0.070%	$22K	$655K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05692	+0.135%	$98K	$373K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05678	−0.106%	$130K	$330K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0506%	1h	0.05682	−0.039%	$151K	$147K	20x	as long as short
Hyperliquid POPCAT	+0.0568%	1h	0.05699	+0.269%	$2.7M	$1.1M	3x	as long as short