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: BingX against OKX+0.035%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1301.299% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.035%, 7d avg −0.011%

Together, before fees−0.030%−$3 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: BingX is 0.046% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05762	0.0100	pay 0.0050% / 4h	35m 16s	$700K	$1.7M	20x
Short	BingX POPCAT-USDT	0.05764	0.0100	get 0.0050% / 4h	35m 16s	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.011%: $4.6
Slippage, 4 orders: −$109.92
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$125.31
Costs to cover: 1.299%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; BingX: live order book, 2 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, 2 min ago	6.07 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.20 bp	22.2 bp −$22	61.1 bp −$611	521.4 bp −$52.1K	813.3 bp −$406.6K

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	−0.5000%	1h	0.05683	−1.371%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05761	−0.024%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05749	−0.225%	$154K	$158K	20x	as long as short
Variational Omni POPCAT	+0.0064%	4h	0.05746	−0.271%	$495K	$181K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05761	−0.017%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05766	+0.069%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05752	−0.174%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05762	long leg	$700K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05763	+0.017%	$442K	$546K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05765	+0.052%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05770	+0.139%	$1.2M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05766	+0.069%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05764	+0.035%	—	$6.9M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05770	+0.139%	$23K	$658K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05760	−0.032%	$93K	$649K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0186%	4h	0.05785	+0.399%	$252K	$515K	10x	as long as short
Hyperliquid POPCAT	+0.0252%	1h	0.05764	+0.038%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05780	+0.312%	$133K	$366K	50x	as long as short