Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.058%
Price spread now: Variational Omni against BloFin−0.446%56s7-day average −0.151% · 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)−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.367%+$37 · spread now −0.446%, 7d avg −0.151%
=Together, before fees+0.300%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.295% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.151%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.067% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POPCAT-USDT | 0.05764 | 0.0340 | pay 0.0170% / 4h | 8m 26s | $133K | $349K | 50x |
| Short | Variational Omni POPCAT | 0.05738 | 0.0100 | get 0.0050% / 4h | 8m 26s | $494K | $175K | — |
BloFin POPCAT-USDT
Variational Omni POPCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$50.4
- Price spread: −0.446% → −0.151%
- −$29.55
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$91.95
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 7 min ago; Variational Omni: RFQ quote, 31 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 BloFin live order book, 7 min ago | 1.74 bp | 32.9 bp −$33 | 78.7 bp −$787 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 31 min ago | 7.80 bp | doesn't fit | 75.4 bp −$754 | doesn't fit | doesn't fit |
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 | −0.5000% | 1h | 0.05667 | −1.683% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05750 | −0.242% | $1 | — | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0161% | 1h | 0.05745 | −0.331% | $154K | $155K | 20x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05749 | −0.260% | $100K | $61K | 10x | as long as short |
| Variational Omni POPCATshort | +0.0100% | 4h | 0.05738 | −0.446% | $494K | $175K | — | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05751 | −0.234% | $2.6M | $8.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05744 | −0.347% | $9.1M | $7.6M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05749 | −0.260% | $699K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05756 | −0.139% | $440K | $551K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05751 | −0.226% | $1.9M | $1.1M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Kraken Futures PF_POPCATUSD
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05748 | −0.278% | $1.1M | $991K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05751 | −0.226% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05750 | −0.243% | — | $6.9M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05760 | −0.069% | $23K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05748 | −0.275% | $94K | $746K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0168% | 4h | 0.05759 | −0.087% | $258K | $500K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0221% | 1h | 0.05754 | −0.173% | $2.7M | $1.4M | 3x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05764 | long leg | $133K | $349K | 50x |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Hyperliquid POPCAT