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: MEXC against OKX+0.501%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.400%−$40 · spread now +0.501%, 7d avg +0.063%

Together, before fees−0.399%−$40 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: MEXC is 0.437% dearer against OKX than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05591	0.0100	pay 0.0050% / 4h	36m 31s	$694K	$1.5M	20x
Short	MEXC POPCAT_USDT	0.05619	0.0100	get 0.0050% / 4h	36m 31s	$1.8M	$960K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.501%Rate

Funding earned: $0
Price spread: +0.501% → +0.063%: $43.73
Slippage, 4 orders: −$93.87
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.14
Costs to cover: 1.079%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: 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, 5 min ago	3.57 bp	43.4 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	6.24 bp	15.4 bp −$15	63.3 bp −$633	122.9 bp −$12.3K	256.9 bp −$128.5K

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	−0.4247%	1h	0.05526	−1.163%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05614	+0.413%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0098%	4h	0.05596	+0.089%	$505K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05613	+0.393%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05611	+0.352%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05596	+0.089%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05591	long leg	$694K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05610	+0.340%	$444K	$635K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05619	+0.501%	$1.8M	$960K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05613	+0.393%	$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 POPCATUSDT	+0.0100%	4h	0.05600	+0.161%	$1.2M	$939K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05596	+0.089%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05600	+0.161%	$22K	$653K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05593	+0.038%	$95K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0140%	4h	0.05626	+0.629%	$248K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05622	+0.554%	$125K	$325K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0577%	1h	0.05618	+0.489%	$150K	$145K	20x	as long as short
Hyperliquid POPCAT	+0.1211%	1h	0.05627	+0.644%	$2.6M	$1.0M	3x	as long as short