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 −0.001%

Price spread now: Gate against Extended−0.055%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3303.303% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.055%, 7d avg −0.019%

Together, before fees+0.030%+ Points / potential airdropExtended: Active · farm board+$3 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: Gate is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05666	0.0104	pay 0.0013% / 1h	33m 57s	$97K	$527K	10x
Short	Gate POPCAT_USDT	0.05663	0.0100	get 0.0050% / 4h	3h 33m	$457K	$647K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: −$0.84
Price spread: −0.055% → −0.019%: −$3.55
Slippage, 4 orders: −$310.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$334.72
Costs to cover: 3.303%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; Gate: live order book, 37 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, 39 min ago	2.67 bp	57.0 bp −$57	374.6 bp −$3,746	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	12.47 bp	105.1 bp −$105	doesn't fit	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	−0.4945%	1h	0.05301	−6.444%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.0392%	1h	0.05669	+0.046%	$152K	$142K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05672	+0.111%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05667	+0.016%	$102K	$46K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05665	−0.019%	$2.4M	$6.7M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05654	−0.214%	$9.0M	$6.1M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05662	−0.072%	$705K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05663	−0.055%	$457K	$647K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05666	−0.002%	$1.8M	$945K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05671	+0.086%	$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	0.05664	−0.037%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05663	−0.055%	—	$6.8M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05653	−0.229%	$514K	$165K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05660	−0.108%	$23K	$652K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05666	long leg	$97K	$527K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05670	+0.069%	$125K	$297K	50x	as long as short
GRVT POPCAT_USDT_Perp	+0.0588%	4h	0.05667	+0.016%	$254K	$493K	10x	as long as short
Hyperliquid POPCAT	+0.1301%	1h	0.05682	+0.284%	$2.6M	$1.0M	3x	as long as short