Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX+0.051%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1961.959% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.051%, 7d avg −0.024%

Together, before fees−0.246%+ Points / potential airdropExtended: Active · farm board−$25 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: Extended is 0.075% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05562	0.0100	pay 0.0050% / 4h	3h 30m	$684K	$1.4M	20x
Short	Extended POPCAT-USD	0.05565	0.0104	get 0.0013% / 1h	30m 54s	$98K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.84
Price spread: +0.051% → −0.024%: $7.46
Slippage, 4 orders: −$180.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$187.56
Costs to cover: 1.959%
Break-even: 1570.0 days

Slippage from OKX: live order book, 1 min ago; Extended: live order book, 17 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, 1 min ago	5.39 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 17 min ago	2.73 bp	61.0 bp −$61	365.7 bp −$3,657	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	−0.4497%	1h	0.05476	−1.546%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05565	+0.053%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0046%	1h	0.05556	−0.103%	$142K	$117K	20x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05563	+0.018%	$101K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05566	+0.072%	$2.4M	$6.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05555	−0.126%	$8.9M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05562	long leg	$684K	$1.4M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05563	+0.018%	$423K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05565	+0.054%	$2.0M	$906K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05564	+0.036%	$1.1M	$994K	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	0.05564	+0.036%	$1.2M	$869K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05556	−0.108%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05541	−0.385%	$509K	$172K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05550	−0.216%	$23K	$637K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05565	+0.051%	$98K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05564	+0.036%	$128K	$278K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0640%	4h	0.05568	+0.104%	$249K	$498K	10x	as long as short
Hyperliquid POPCAT	+0.1031%	1h	0.05575	+0.227%	$2.6M	$1.0M	3x	as long as short