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

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.00 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against Variational Omni+0.544%7-day average +0.141% · 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 3 days (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.722%−$72 · spread now +0.544%, 7d avg +0.141%
Together, before fees−0.721%+ Points / potential airdropVariational Omni: Active · farm board−$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.403% dearer against Variational Omni than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.141%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni POPCAT0.05619−0.0099get 0.0050% / 4h1h 10m$508K$163K
ShortBinance POPCATUSDT0.056500.0100get 0.0050% / 4h1h 10m$2.4M$6.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$41.87
Price spread: +0.544% → +0.141%
$40.35
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$72.21
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Binance: live order book, 14 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, 54 min ago8.04 bpdoesn't fit90.2 bp −$902doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago5.29 bp26.7 bp −$2782.4 bp −$824doesn'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−0.4257%1h0.05587−0.577%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05643+0.422%$110xas long as short
Variational Omni POPCATlong−0.0099%4h0.05619long leg$508K$163K
Lighter POPCAT+0.0096%1h0.05648+0.509%$101K$51K10xas long as short
Binance POPCATUSDTshort+0.0100%4h0.05650+0.544%$2.4M$6.9M50x
Bybit POPCATUSDT+0.0100%4h0.05637+0.313%$8.9M$6.4M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05643+0.420%$699K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05642+0.402%$445K$638K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05652+0.580%$1.8M$959K200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05641+0.384%$1.1M$986K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05642+0.402%$1.2M$940K50xas long as short
BingX POPCAT-USDT+0.0100%4h0.05644+0.438%$6.8Mas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05660+0.722%$22K$649K25xas long as short
Extended POPCAT-USD+0.0104%1h0.05643+0.420%$96K$526K10xas long as short
GRVT POPCAT_USDT_Perp+0.0146%4h0.05660+0.722%$250K$493K10xas long as short
Kraken Futures PF_POPCATUSD+0.0293%1h0.05648+0.508%$151K$147K20xas long as short
BloFin POPCAT-USDT+0.0340%4h0.05645+0.455%$125K$326K50xas long as short
Hyperliquid POPCAT+0.0854%1h0.05661+0.747%$2.6M$997K3xas long as short