Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against OKX−0.091%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.091%, 7d avg +0.020%

Together, before fees+0.023%+$2 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 0.111% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05496	0.0100	pay 0.0050% / 4h	1h 07m	$682K	$1.4M	20x
Short	Bitget POPCATUSDT	0.05491	0.0100	get 0.0050% / 4h	1h 07m	$1.1M	$893K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.020%: −$11.09
Slippage, 4 orders: −$106.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.24
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	4.56 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.64 bp	18.0 bp −$18	72.8 bp −$728	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	−0.3374%	1h	0.05443	−0.964%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0932%	1h	0.05482	−0.248%	$143K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05497	+0.009%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05494	−0.036%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05499	+0.059%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05488	−0.146%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05496	long leg	$682K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05486	−0.182%	$432K	$674K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05498	+0.036%	$1.9M	$929K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05494	−0.036%	$1.1M	$982K	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	0.05491	−0.091%	$1.1M	$893K	50x
BingX POPCAT-USDC	+0.0100%	4h	0.05492	−0.073%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05478	−0.323%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.030%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	−0.109%	$22K	$644K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05492	−0.071%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05496	0.000%	$123K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.0891%	1h	0.05507	+0.200%	$2.5M	$1.1M	3x	as long as short