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 −0.001%

Price spread now: Bitget against MEXC−0.177%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.177%, 7d avg −0.033%

Together, before fees+0.071%+$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: Bitget is 0.144% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05635	0.0100	pay 0.0050% / 4h	3h 03m	$1.9M	$959K	200x
Short	Bitget POPCATUSDT	0.05625	0.0100	get 0.0050% / 4h	3h 03m	$1.2M	$942K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.033%: −$14.44
Slippage, 4 orders: −$92
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.43
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	5.29 bp	13.9 bp −$14	62.4 bp −$624	126.6 bp −$12.7K	260.9 bp −$130.5K
Sell Bitget live order book, 3 min ago	7.94 bp	31.3 bp −$31	119.2 bp −$1,192	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	−0.4945%	1h	0.05301	−5.927%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05673	+0.668%	$151K	$144K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05676	+0.719%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05649	+0.248%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05642	+0.124%	$2.3M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05629	−0.106%	$8.9M	$6.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05640	+0.089%	$699K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05652	+0.302%	$455K	$649K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05635	long leg	$1.9M	$959K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05669	+0.603%	$1.1M	$988K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05625	−0.177%	$1.2M	$942K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05628	−0.124%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05655	+0.354%	$513K	$163K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	+0.444%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05626	−0.156%	$97K	$523K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0112%	4h	0.05674	+0.693%	$246K	$481K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05678	+0.763%	$125K	$298K	50x	as long as short
Hyperliquid POPCAT	+0.1535%	1h	0.05665	+0.531%	$2.6M	$972K	3x	as long as short