Funding you earn now, next payment 09:00 UTC−0.1213%/8h= −132.8% APRnext payment −$1.52 per $10,000 · paid last 24h −0.112%
Price spread now: Kraken Futures against Extended−0.289%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$354as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3073.068% of the position
Funding, last 7 days−0.476%−$48 on $10k
+Price spread, last 4 days (all we have)−1.237%−$124 · spread now −0.289%, 7d avg −0.106%
=Together, before fees−1.712%+ Points / potential airdropExtended: Active · farm board−$171 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Kraken Futures is 0.183% cheaper against Extended than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.476% in total (about -24.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POPCAT-USD | 0.05730 | 0.0104 | pay 0.0013% / 1h | 18m 47s | $97K | $748K | 10x |
| Short | Kraken Futures PF_POPCATUSD | 0.05713 | −0.1109 | pay 0.0139% / 1h | 18m 47s | $154K | $148K | 20x |
Extended POPCAT-USD
Kraken Futures PF_POPCATUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$254.63
- Price spread: −0.289% → −0.106%
- −$18.31
- Slippage, 4 orders
- −$291.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$579.74
- Costs to cover
- 3.068%
- Break-even
- never at this rate
Slippage from Extended: live order book, 14 min ago; Kraken Futures: live order book, 14 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, 14 min ago | 3.54 bp | 92.7 bp −$93 | 479.4 bp −$4,794 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 14 min ago | 23.10 bp | 78.4 bp −$78 | 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 | −0.4200% | 1h | 0.05670 | −1.044% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDshort | −0.1109% | 1h | 0.05713 | −0.289% | $154K | $148K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05736 | +0.106% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05729 | −0.015% | $100K | $55K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0100% | 1h | 0.05736 | +0.111% | $2.7M | $1.4M | 3x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05735 | +0.086% | $2.5M | $7.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05731 | +0.020% | $9.1M | $7.5M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05734 | +0.073% | $694K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05733 | +0.055% | $415K | $504K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05736 | +0.107% | $1.9M | $1.1M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Hyperliquid POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05731 | +0.020% | $1.1M | $845K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05735 | +0.090% | $1.2M | $967K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05736 | +0.107% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05727 | −0.047% | $484K | $174K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05720 | −0.172% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USDlong | +0.0104% | 1h | 0.05730 | long leg | $97K | $748K | 10x | |
| GRVT POPCAT_USDT_Perp | +0.0300% | 4h | 0.05742 | +0.220% | $259K | $485K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05735 | +0.090% | $130K | $344K | 50x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT