Funding you earn now, next payment 02:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h −0.093%
Price spread now: BloFin against Lighter+1.145%570s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days−0.384%−$38 on $10k
+Price spread, last 3 days (all we have)−1.245%−$125 · spread now +1.145%, 7d avg −0.016%
=Together, before fees−1.629%+ Points / potential airdropLighter: Season 3 · farm board−$163 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 1.161% dearer against Lighter than usual: you sell high and buy low: +$116 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.384%, so the current rate has only just turned in your favour. The two prices were read 570 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POPCAT | 0.05590 | 0.0096 | pay 0.0012% / 1h | 39m 27s | $100K | $52K | 10x |
| Short | BloFin POPCAT-USDT | 0.05654 | 0.0340 | get 0.0170% / 4h | 2h 39m | $125K | $301K | 50x |
Lighter POPCAT
BloFin POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.24
- Price spread: +1.145% → −0.016%
- $116.1
- Slippage, 4 orders
- −$115.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $39.69
- Costs to cover
- 1.277%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 1 min ago; BloFin: live order book, 22 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 Lighter live order book, 1 min ago | 19.74 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 7.98 bp | 17.9 bp −$18 | 35.3 bp −$353 | 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 | −0.5000% | 1h | 0.05540 | −0.894% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05598 | +0.141% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | +0.0073% | 4h | 0.05592 | +0.038% | $507K | $162K | — | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05590 | long leg | $100K | $52K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05596 | +0.099% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05585 | −0.089% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05597 | +0.125% | $689K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05590 | 0.000% | $446K | $633K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05592 | +0.036% | $1.8M | $964K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05591 | +0.018% | $1.1M | $991K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05594 | +0.072% | $1.2M | $940K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05589 | −0.018% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05609 | +0.340% | $245K | $485K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05630 | +0.716% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05588 | −0.041% | $95K | $520K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05654 | +1.145% | $125K | $301K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0638% | 1h | 0.05584 | −0.110% | $149K | $146K | 20x | as long as short |
| Hyperliquid POPCAT | +0.1229% | 1h | 0.05608 | +0.322% | $2.6M | $990K | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT