Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Bitget against Variational Omni+0.030%7-day average +0.123% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.030%, 7d avg +0.123%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · farm board−$1 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: Bitget is 0.093% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POPCAT	0.05758	0.0100	pay 0.0050% / 4h	3h 24m	$548K	$160K	—
Short	Bitget POPCATUSDT	0.05760	0.0100	get 0.0050% / 4h	3h 24m	$1.2M	$766K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.123%: −$9.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Bitget: live order book, 5 min ago. 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 Variational Omni RFQ quote, 13 min ago	4.37 bp	doesn't fit	83.1 bp −$831	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.35 bp	41.7 bp −$42	120.5 bp −$1,205	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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	−0.3065%	1h	0.05610	−2.575%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05761	+0.055%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05759	+0.013%	$98K	$40K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05764	+0.105%	$2.6M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05754	−0.074%	$9.2M	$6.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05756	−0.039%	$692K	$1.3M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05769	+0.186%	$425K	$453K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05763	+0.082%	$1.8M	$879K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05767	+0.152%	$1.1M	$713K	50x	as long as short
Bitget POPCATUSDTshort	+0.0100%	4h	0.05760	+0.030%	$1.2M	$766K	50x

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX POPCAT-USDT	+0.0100%	4h	0.05765	+0.117%	—	$6.8M	—	as long as short
Variational Omni POPCATlong	+0.0100%	4h	0.05758	long leg	$548K	$160K	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	+0.030%	$21K	$648K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05757	−0.017%	$93K	$736K	10x	as long as short
Hyperliquid POPCAT	+0.0301%	1h	0.05767	+0.143%	$2.8M	$1.3M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05772	+0.239%	$131K	$269K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0641%	1h	0.05757	−0.019%	$153K	$116K	20x	as long as short
GRVT POPCAT_USDT_Perp	+0.1202%	4h	0.05766	+0.134%	$264K	$459K	10x	as long as short