POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.4772%/8h= −522.5% APRnext payment −$5.96 per $10,000 · paid last 24h −1.244%

Price spread now: Injective against Reya−1.392%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$143 a day on $10k at the current rate, and Injective is 1.392% cheaper against Reya than usual: you would sell low and buy high (−$139 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05747	−0.0228	get 0.0029% / 1h	10m 50s	$1	—	10x
Short	Injective POPCAT/USDC PERP	0.05667	−0.5000	pay 0.0625% / 1h	10m 50s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. 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 ReyabpFee InjectivebpOrdersPrice spread, now −1.392%Rate

Funding earned: −$1,002.06
Price spread: −1.392% → 0.000%: −$139.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,147.29
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Injective: no order-book sample. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.5000%	1h	0.05667	−1.392%	$3K	$2K	5.5x
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05747	long leg	$1	—	10x
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05736	−0.195%	$154K	$155K	20x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05747	0.000%	$100K	$61K	10x	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05738	−0.152%	$494K	$175K	—	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05750	+0.046%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05742	−0.087%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05753	+0.104%	$700K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05750	+0.052%	$440K	$551K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05751	+0.070%	$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	0.05753	+0.104%	$1.1M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05751	+0.070%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05747	0.000%	—	$6.9M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	+0.226%	$23K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05747	+0.002%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0164%	4h	0.05777	+0.530%	$252K	$492K	10x	as long as short
Hyperliquid POPCAT	+0.0231%	1h	0.05753	+0.106%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05761	+0.244%	$133K	$350K	50x	as long as short