Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.313%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on MEXC Short on Bybit

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+0.146%+$15 · spread now −0.313%, 7d avg −0.158%

Together, before fees+0.145%+$15 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: Bybit is 0.155% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05753	0.0100	pay 0.0050% / 4h	1h 27m	$1.9M	$1.0M	200x
Short	Bybit POPCATUSDT	0.05735	0.0100	get 0.0050% / 4h	1h 27m	$9.1M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.313%Rate

Funding earned: $0
Price spread: −0.313% → −0.158%: −$15.52
Slippage, 4 orders: −$57.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.74
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 11 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, 4 min ago	6.10 bp	13.7 bp −$14	64.6 bp −$646	125.6 bp −$12.6K	262.9 bp −$131.5K
Sell Bybit live order book, 11 min ago	3.49 bp	20.0 bp −$20	86.3 bp −$863	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	−0.4288%	1h	0.05642	−1.929%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05741	−0.207%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0006%	4h	0.05720	−0.565%	$493K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05746	−0.122%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05749	−0.074%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05735	−0.313%	$9.1M	$7.2M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05756	+0.052%	$697K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05745	−0.139%	$445K	$573K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05753	long leg	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05740	−0.226%	$1.1M	$1.0M	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	0.05757	+0.070%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05745	−0.139%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	+0.122%	$23K	$656K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05755	+0.037%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0244%	4h	0.05742	−0.184%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05760	+0.122%	$131K	$359K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0391%	1h	0.05754	+0.019%	$153K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0579%	1h	0.05760	+0.127%	$2.7M	$1.4M	3x	as long as short