Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended+0.048%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1901.899% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.048%, 7d avg +0.076%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 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: Binance is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05631	0.0104	pay 0.0013% / 1h	20m 00s	$96K	$525K	10x
Short	Binance POPCATUSDT	0.05633	0.0100	get 0.0050% / 4h	20m 00s	$2.4M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.84
Price spread: +0.048% → +0.076%: −$2.77
Slippage, 4 orders: −$174.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$193.49
Costs to cover: 1.899%
Break-even: never at this rate

Slippage from Extended: live order book, 38 min ago; Binance: 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 Extended live order book, 38 min ago	2.69 bp	70.3 bp −$70	441.1 bp −$4,411	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.88 bp	23.6 bp −$24	76.5 bp −$765	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	−0.4247%	1h	0.05544	−1.541%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05632	+0.013%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0062%	4h	0.05625	−0.094%	$508K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05631	+0.004%	$101K	$51K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05633	+0.048%	$2.4M	$7.0M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05621	−0.173%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05634	+0.058%	$696K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05633	+0.040%	$445K	$636K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05634	+0.058%	$1.8M	$967K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05629	−0.031%	$1.1M	$982K	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	0.05631	+0.004%	$1.2M	$937K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05628	−0.049%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	+0.519%	$22K	$651K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05631	long leg	$96K	$525K	10x
GRVT POPCAT_USDT_Perp	+0.0210%	4h	0.05662	+0.555%	$250K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05653	+0.395%	$125K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0575%	1h	0.05631	−0.003%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1035%	1h	0.05642	+0.205%	$2.6M	$1.0M	3x	as long as short