Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.018%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2392.393% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now −0.018%, 7d avg −0.084%

Together, before fees−0.139%−$14 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: BingX is 0.066% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POPCATUSDT	0.05670	0.0100	pay 0.0013% / 1h	27m 05s	$23K	$650K	25x
Short	BingX POPCAT-USDC	0.05669	0.0100	get 0.0050% / 4h	3h 27m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.084%: $6.63
Slippage, 4 orders: −$219.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$232.7
Costs to cover: 2.393%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; BingX: live order book, 4 min ago.

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 ApeX Omni live order book, 46 min ago	26.67 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	13.23 bp	83.2 bp −$83	334.6 bp −$3,346	567.6 bp −$56.8K	1056.3 bp −$528.1K

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 PERP	−0.4945%	1h	0.05301	−6.508%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05670	+0.005%	$152K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05666	−0.064%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05666	−0.071%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05665	−0.088%	$2.4M	$6.6M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05654	−0.282%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05664	−0.106%	$705K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05661	−0.159%	$456K	$647K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05665	−0.088%	$1.8M	$946K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05672	+0.035%	$1.1M	$989K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05661	−0.159%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05669	−0.018%	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05662	−0.139%	$514K	$165K	—	as long as short
ApeX Omni POPCATUSDTlong	+0.0100%	1h	0.05670	long leg	$23K	$650K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05665	−0.096%	$97K	$527K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05671	+0.018%	$125K	$298K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0380%	4h	0.05677	+0.126%	$254K	$473K	10x	as long as short
Hyperliquid POPCAT	+0.1381%	1h	0.05680	+0.173%	$2.6M	$1.0M	3x	as long as short