Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.4417%/8hnext payment −$5.52 per $10,000 · paid last 24h −1.287%

Price spread now: Injective against Extended−1.437%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−4.584%−$458 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$133 a day on $10k at the current rate, and Injective is 1.437% cheaper against Extended than usual: you would sell low and buy high (−$144 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05491	0.0104	pay 0.0013% / 1h	5m 20s	$96K	$440K	10x
Short	Injective POPCAT/USDC PERP	0.05412	−0.4313	pay 0.0539% / 1h	5m 20s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −1.437%Rate

Funding earned: −$927.67
Price spread: −1.437% → 0.000%: −$143.73
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,076.41
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 26 min ago; Injective: no order-book sample. 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 Extended live order book, 26 min ago	3.66 bp	69.2 bp −$69	486.2 bp −$4,862	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.4313%	1h	0.05412	−1.437%	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05491	+0.001%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05488	−0.053%	$100K	$47K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05492	+0.020%	$2.4M	$6.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05481	−0.181%	$8.8M	$5.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05491	+0.001%	$680K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05490	−0.017%	$417K	$678K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05490	−0.017%	$1.9M	$910K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05496	+0.093%	$1.1M	$1.0M	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05490	−0.017%	$1.1M	$860K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX POPCAT-USDC	+0.0100%	4h	0.05487	−0.071%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05485	−0.099%	$506K	$169K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	−0.017%	$22K	$634K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05491	long leg	$96K	$440K	10x
GRVT POPCAT_USDT_Perp	+0.0202%	4h	0.05507	+0.301%	$247K	$498K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05496	+0.093%	$129K	$269K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0417%	1h	0.05483	−0.142%	$139K	$116K	20x	as long as short
Hyperliquid POPCAT	+0.1700%	1h	0.05503	+0.215%	$2.5M	$1.0M	3x	as long as short