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 0.000%

Price spread now: BingX against Bybit+0.018%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1981.983% of the position

Long on Bybit 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 7 days+0.085%+$8 · spread now +0.018%, 7d avg +0.084%

Together, before fees+0.085%+$8 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% cheaper against Bybit than usual: you would sell low and buy high, −$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	Bybit POPCATUSDT	0.05459	0.0100	pay 0.0050% / 4h	2h 00m	$8.7M	$5.8M	50x
Short	BingX POPCAT-USDC	0.05460	0.0100	get 0.0050% / 4h	2h 00m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.084%: −$6.57
Slippage, 4 orders: −$177.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$204.83
Costs to cover: 1.983%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 16 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 Bybit live order book, 2 min ago	1.83 bp	27.2 bp −$27	96.4 bp −$964	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	13.63 bp	74.6 bp −$75	312.5 bp −$3,125	498.3 bp −$49.8K	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	−0.4569%	1h	0.05437	−0.403%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1075%	1h	0.05453	−0.105%	$139K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05467	+0.147%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05466	+0.128%	$99K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05469	+0.177%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDTlong	+0.0100%	4h	0.05459	long leg	$8.7M	$5.8M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05461	+0.037%	$671K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05460	+0.018%	$414K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05467	+0.147%	$1.9M	$925K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05472	+0.238%	$1.1M	$995K	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	0.05466	+0.128%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05460	+0.018%	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05472	+0.243%	$501K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05481	+0.394%	$243K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05480	+0.385%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05466	+0.131%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05476	+0.311%	$124K	$283K	50x	as long as short
Hyperliquid POPCAT	+0.1463%	1h	0.05477	+0.330%	$2.5M	$1.1M	3x	as long as short