POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.3470%/8h= −380.0% APRnext payment −$4.34 per $10,000 · paid last 24h −1.457%

Price spread now: Injective against Lighter−1.419%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−5.013%−$501 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$104 a day on $10k at the current rate, and Injective is 1.419% cheaper against Lighter than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter POPCAT	0.05495	0.0096	pay 0.0012% / 1h	46m 33s	$100K	$45K	10x
Short	Injective POPCAT/USDC PERP	0.05417	−0.3374	pay 0.0422% / 1h	46m 33s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now −1.419%Rate

Funding earned: −$728.74
Price spread: −1.419% → 0.000%: −$141.95
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$870.71
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 26 min ago; Injective: no order-book sample. 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 Lighter live order book, 26 min ago	10.02 bp	10.9 bp −$11	83.2 bp −$832	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.3374%	1h	0.05417	−1.419%	$3K	$2K	5.5x
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05483	−0.213%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05496	+0.025%	$1	—	10x	as long as short
Lighter POPCATlong	+0.0096%	1h	0.05495	long leg	$100K	$45K	10x
Binance POPCATUSDT	+0.0100%	4h	0.05498	+0.061%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05492	−0.055%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05497	+0.036%	$675K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05488	−0.127%	$416K	$649K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05498	+0.055%	$1.9M	$920K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05495	0.000%	$1.1M	$995K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05493	−0.036%	$1.2M	$885K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05495	0.000%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05487	−0.154%	$504K	$175K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05502	+0.127%	$244K	$480K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	−0.091%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05496	+0.011%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05499	+0.073%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0873%	1h	0.05508	+0.235%	$2.5M	$1.1M	3x	as long as short