Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against BingX−0.036%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.036%, 7d avg +0.072%

Together, before fees+0.096%+$10 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: MEXC is 0.109% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POPCAT-USDT	0.05512	0.0100	pay 0.0050% / 4h	1h 04m	—	$6.8M	—
Short	MEXC POPCAT_USDT	0.05510	0.0100	get 0.0050% / 4h	1h 04m	$1.9M	$929K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.072%: −$10.86
Slippage, 4 orders: −$64.62
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$89.47
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 8 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 BingX live order book, 13 min ago	4.55 bp	21.6 bp −$22	56.6 bp −$566	546.4 bp −$54.6K	814.7 bp −$407.4K
Sell MEXC live order book, 8 min ago	1.82 bp	20.1 bp −$20	68.4 bp −$684	140.6 bp −$14.1K	273.2 bp −$136.6K

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	−0.3374%	1h	0.05443	−1.252%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0929%	1h	0.05503	−0.168%	$144K	$118K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05511	−0.027%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05510	−0.036%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05522	+0.188%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05513	+0.018%	$8.8M	$5.9M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05520	+0.145%	$684K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05510	−0.036%	$433K	$674K	50x	as long as short
MEXC POPCAT_USDTshort	+0.0100%	4h	0.05510	−0.036%	$1.9M	$929K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05508	−0.073%	$1.1M	$981K	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	0.05513	+0.018%	$1.1M	$893K	50x	as long as short
BingX POPCAT-USDTlong	+0.0100%	4h	0.05512	long leg	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05490	−0.404%	$504K	$174K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	−0.261%	$243K	$468K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	−0.218%	$22K	$644K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05516	+0.080%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05516	+0.073%	$123K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.0882%	1h	0.05525	+0.238%	$2.6M	$1.1M	3x	as long as short