Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.081%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$810.815% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.081%, 7d avg +0.006%

Together, before fees−0.070%−$7 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: Binance is 0.074% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05565	0.0100	pay 0.0050% / 4h	2h 16m	$1.8M	$975K	200x
Short	Binance POPCATUSDT	0.05569	0.0100	get 0.0050% / 4h	2h 16m	$2.3M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.006%: $7.42
Slippage, 4 orders: −$67.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.07
Costs to cover: 0.815%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 7 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 MEXC live order book, 5 min ago	6.26 bp	13.7 bp −$14	63.2 bp −$632	135.8 bp −$13.6K	267.5 bp −$133.7K
Sell Binance live order book, 7 min ago	1.79 bp	26.3 bp −$26	73.4 bp −$734	doesn't fit	doesn't fit

POPCAT on 17 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	0.05524	−0.737%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05561	−0.067%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0045%	4h	0.05572	+0.134%	$506K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05564	−0.018%	$100K	$52K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05569	+0.081%	$2.3M	$6.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05553	−0.216%	$8.7M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05562	−0.054%	$687K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05560	−0.090%	$445K	$638K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05565	long leg	$1.8M	$975K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05561	−0.072%	$1.1M	$990K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05564	−0.018%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05555	−0.180%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05583	+0.332%	$250K	$486K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05580	+0.270%	$22K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05562	−0.057%	$98K	$524K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0641%	1h	0.05561	−0.073%	$149K	$149K	20x	as long as short
Hyperliquid POPCAT	+0.1044%	1h	0.05574	+0.162%	$2.6M	$1.0M	3x	as long as short