Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.008%
Price spread now: ApeX Omni against Variational Omni+0.166%58s7-day average +0.130% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.166%, 7d avg +0.130%
Together, before fees−0.028%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.036% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.130%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni POPCAT0.057200.0006pay 0.0003% / 4h1h 28m$493K$180K
ShortApeX Omni POPCATUSDT0.057300.0100get 0.0013% / 1h28m 21s$22K$654K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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

Funding earned
$19.78
Price spread: +0.166% → +0.130%
$3.58
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$13.36
Costs to cover
0.100%
Break-even
2.3 days
Slippage unknown: Variational Omni: RFQ quote, 16 min ago; ApeX Omni: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 16 min ago7.01 bpdoesn't fit77.1 bp −$771doesn't fitdoesn't fit
Sell ApeX Omni live order book, 15 min ago17.42 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.4288%1h0.05642−1.372%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05741+0.360%$110xas long as short
Variational Omni POPCATlong+0.0006%4h0.05720long leg$493K$180K
Lighter POPCAT+0.0096%1h0.05741+0.358%$102K$57K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05746+0.450%$2.5M$7.8M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05731+0.184%$9.1M$7.2M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05739+0.323%$696K$1.7M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05740+0.341%$443K$573K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05740+0.341%$1.9M$1.0M200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05742+0.376%$1.1M$1.0M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05740+0.341%$1.2M$1.0M50xas long as short
BingX POPCAT-USDC+0.0100%4h0.05741+0.358%$1.6Mas long as short
ApeX Omni POPCATUSDTshort+0.0100%1h0.05730+0.166%$22K$654K25x
Extended POPCAT-USD+0.0104%1h0.05742+0.378%$95K$375K10xas long as short
GRVT POPCAT_USDT_Perp+0.0244%4h0.05742+0.383%$262K$524K10xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05760+0.691%$131K$359K50xas long as short
Kraken Futures PF_POPCATUSD+0.0392%1h0.05738+0.303%$152K$155K20xas long as short
Hyperliquid POPCAT+0.0579%1h0.05744+0.416%$2.7M$1.4M3xas long as short