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 +0.058%

Price spread now: KuCoin against OKX+0.194%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$414as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$4354.354% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.194%, 7d avg +0.074%

Together, before fees+0.093%+$9 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: KuCoin is 0.121% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05662	0.0100	pay 0.0050% / 4h	3h 41m	$699K	$1.6M	20x
Short	KuCoin POPCATUSDTM	0.05673	0.0100	get 0.0050% / 4h	3h 41m	$1.1M	$979K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.074%: $12.06
Slippage, 4 orders: −$413.36
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$423.3
Costs to cover: 4.354%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 3 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, 5 min ago	7.05 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	13.19 bp	192.0 bp −$192	766.4 bp −$7,664	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	−0.4864%	1h	0.05579	−1.466%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05660	−0.043%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0058%	4h	0.05660	−0.044%	$510K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05663	+0.018%	$102K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05666	+0.071%	$2.5M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05653	−0.159%	$8.9M	$6.5M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05662	long leg	$699K	$1.6M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05670	+0.141%	$446K	$631K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05664	+0.035%	$1.8M	$978K	200x	as long as short
KuCoin POPCATUSDTMshort	+0.0100%	4h	0.05673	+0.194%	$1.1M	$979K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05662	0.000%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05661	−0.018%	—	$6.7M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05688	+0.466%	$254K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05690	+0.495%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05653	−0.157%	$96K	$523K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05668	+0.106%	$128K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0508%	1h	0.05662	0.000%	$151K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.0596%	1h	0.05668	+0.106%	$2.7M	$1.0M	3x	as long as short