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: Binance against OKX+0.155%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1311.311% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.155%, 7d avg +0.054%

Together, before fees−0.119%−$12 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 0.101% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05569	0.0100	pay 0.0050% / 4h	2h 19m	$689K	$1.5M	20x
Short	Binance POPCATUSDT	0.05578	0.0100	get 0.0050% / 4h	2h 19m	$2.3M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → +0.054%: $10.11
Slippage, 4 orders: −$111.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.97
Costs to cover: 1.311%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 5 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 OKX live order book, 3 min ago	6.27 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 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	−0.808%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05572	+0.054%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0045%	4h	0.05572	+0.062%	$506K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05572	+0.054%	$100K	$52K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05578	+0.155%	$2.3M	$6.8M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05566	−0.054%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05569	long leg	$689K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05570	+0.018%	$445K	$637K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05572	+0.054%	$1.8M	$971K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05572	+0.054%	$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	0.05572	+0.054%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05571	+0.036%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05602	+0.593%	$251K	$486K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	+0.377%	$22K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05568	−0.013%	$98K	$524K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0639%	1h	0.05575	+0.115%	$149K	$149K	20x	as long as short
Hyperliquid POPCAT	+0.1045%	1h	0.05584	+0.262%	$2.6M	$999K	3x	as long as short