Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: BingX against Extended−0.120%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1881.883% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.120%, 7d avg −0.006%

Together, before fees+0.160%+ Points / potential airdropExtended: Active · farm board+$16 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 0.114% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05674	0.0104	pay 0.0013% / 1h	31m 04s	$97K	$527K	10x
Short	BingX POPCAT-USDT	0.05667	0.0100	get 0.0050% / 4h	3h 31m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$0.84
Price spread: −0.120% → −0.006%: −$11.37
Slippage, 4 orders: −$173.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$200.48
Costs to cover: 1.883%
Break-even: never at this rate

Slippage from Extended: live order book, 42 min ago; BingX: live order book, 7 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, 42 min ago	2.67 bp	57.0 bp −$57	374.6 bp −$3,746	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	4.42 bp	24.0 bp −$24	61.1 bp −$611	540.7 bp −$54.1K	852.1 bp −$426.1K

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	−0.4945%	1h	0.05301	−6.571%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05674	+0.006%	$152K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05674	+0.010%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05674	+0.003%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05675	+0.021%	$2.4M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05658	−0.279%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05671	−0.049%	$707K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05672	−0.032%	$457K	$647K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05674	+0.003%	$1.8M	$945K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05673	−0.014%	$1.1M	$989K	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	0.05669	−0.085%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDTshort	+0.0100%	4h	0.05667	−0.120%	—	$6.8M	—
Variational Omni POPCAT	+0.0100%	4h	0.05662	−0.206%	$514K	$165K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	−0.243%	$23K	$652K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05674	long leg	$97K	$527K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05659	−0.261%	$125K	$297K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0442%	4h	0.05674	−0.001%	$254K	$473K	10x	as long as short
Hyperliquid POPCAT	+0.1344%	1h	0.05688	+0.259%	$2.6M	$1.0M	3x	as long as short