Funding you earn now, next payment 05:00 UTC−0.4741%/8h= −519.1% APRpaid last 24h −1.310%
Price spread now: Injective against Variational Omni−0.590%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$142 a day on $10k at the current rate, and Injective is 0.590% cheaper against Variational Omni than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni POPCAT | 0.05665 | −0.0123 | get 0.0062% / 4h | 3h 25m | $510K | $164K | — |
| Short | Injective POPCAT/USDC PERP | 0.05632 | −0.4864 | pay 0.0608% / 1h | 25m 22s | $3K | $2K | 5.5x |
Variational Omni POPCAT
Injective POPCAT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$995.52
- Price spread: −0.590% → 0.000%
- −$59.05
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,054.58
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 29 min ago; 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 Variational Omni RFQ quote, 29 min ago | 7.99 bp | doesn't fit | 91.4 bp −$914 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.4864% | 1h | 0.05632 | −0.590% | $3K | $2K | 5.5x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05682 | +0.291% | $1 | — | 10x | as long as short |
| Variational Omni POPCATlong | −0.0123% | 4h | 0.05665 | long leg | $510K | $164K | — | |
| Lighter POPCAT | +0.0096% | 1h | 0.05683 | +0.310% | $102K | $56K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05688 | +0.391% | $2.5M | $7.2M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05673 | +0.133% | $8.9M | $6.6M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05686 | +0.363% | $700K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05677 | +0.204% | $445K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05685 | +0.345% | $1.8M | $994K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05688 | +0.398% | $1.1M | $985K | 50x | as long as short |
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05685 | +0.345% | $1.2M | $942K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05681 | +0.274% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05702 | +0.644% | $253K | $515K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05690 | +0.433% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05683 | +0.303% | $98K | $526K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05689 | +0.416% | $129K | $331K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0507% | 1h | 0.05678 | +0.218% | $151K | $147K | 20x | as long as short |
| Hyperliquid POPCAT | +0.0574% | 1h | 0.05688 | +0.405% | $2.7M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT