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

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0956%/8h= +104.7% APRnext payment +$1.19 per $10,000 · paid last 24h +0.269%
Price spread now: Hyperliquid against ApeX Omni−0.096%7-day average +0.128% · you buy dearer than you sell
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 7 days+0.366%+$37 on $10k
Price spread, last 4 days (all we have)−0.679%−$68 · spread now −0.096%, 7d avg +0.128%
Together, before fees−0.313%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.225% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.128%). If the spread goes back, that is −$22 on $10k: about 19 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.366% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.366% in total (about 19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 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
LongApeX Omni POPCATUSDT0.056000.0100pay 0.0013% / 1h21m 32s$22K$658K25x
ShortHyperliquid POPCAT0.055950.1056get 0.0132% / 1h21m 32s$2.6M$999K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$200.73
Price spread: −0.096% → +0.128%
−$22.45
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$159.28
Costs to cover
0.190%
Break-even
1.4 days
Slippage unknown: ApeX Omni: live order book, 47 min ago; Hyperliquid: live order book, 10 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 ApeX Omni live order book, 47 min ago17.61 bp46.2 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.69 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

POPCAT on 17 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−0.5000%1h0.05524−1.357%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05593−0.128%$110xas long as short
Variational Omni POPCAT−0.0028%4h0.05595−0.097%$507K$162Kas long as short
Lighter POPCAT+0.0096%1h0.05581−0.339%$100K$52K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05589−0.193%$2.3M$6.8M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05578−0.393%$8.8M$6.3M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05585−0.268%$690K$1.5M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05590−0.179%$445K$636K50xas long as short
MEXC POPCAT_USDT+0.0100%4h0.05587−0.232%$1.8M$970K200xas long as short
KuCoin POPCATUSDTM+0.0100%4h0.05590−0.179%$1.1M$990K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget POPCATUSDT+0.0100%4h0.05588−0.214%$1.2M$939K50xas long as short
BingX POPCAT-USDC+0.0100%4h0.05586−0.250%$1.6Mas long as short
GRVT POPCAT_USDT_Perp+0.0100%4h0.05602+0.036%$251K$486K10xas long as short
ApeX Omni POPCATUSDTlong+0.0100%1h0.05600long leg$22K$658K25x
Extended POPCAT-USD+0.0104%1h0.05580−0.352%$98K$524K10xas long as short
Kraken Futures PF_POPCATUSD+0.0637%1h0.05589−0.198%$149K$149K20xas long as short
Hyperliquid POPCATshort+0.1056%1h0.05595−0.096%$2.6M$999K3x