Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended+0.135%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2432.429% of the position

Long on Extended Short on OKX

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)+0.010%+$1 · spread now +0.135%, 7d avg +0.018%

Together, before fees+0.001%+ Points / potential airdropExtended: Active · farm board$0 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: OKX is 0.117% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POPCAT-USD	0.05640	0.0104	pay 0.0013% / 1h	27m 30s	$91K	$747K	10x
Short	OKX POPCAT-USDT-SWAP	0.05648	0.0100	get 0.0050% / 4h	1h 27m	$681K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$0.84
Price spread: +0.135% → +0.018%: $11.71
Slippage, 4 orders: −$227.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$232.06
Costs to cover: 2.429%
Break-even: never at this rate

Slippage from Extended: live order book, 18 min ago; OKX: live order book, 2 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, 18 min ago	4.38 bp	103.9 bp −$104	528.8 bp −$5,288	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	7.09 bp	42.5 bp −$43	doesn't fit	doesn't fit	doesn't fit

POPCAT on 18 exchanges

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
Kraken Futures PF_POPCATUSD	−0.1183%	1h	0.05639	−0.016%	$151K	$121K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05637	−0.053%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0018%	4h	0.05634	−0.110%	$479K	$140K	—	as long as short
Injective POPCAT/USDC PERP	+0.0033%	1h	0.05561	−1.407%	$3K	$2K	5.5x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05645	+0.082%	$96K	$53K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05652	+0.199%	$2.5M	$7.1M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05639	−0.025%	$9.0M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAPshort	+0.0100%	4h	0.05648	+0.135%	$681K	$1.5M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05640	−0.007%	$423K	$471K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05651	+0.188%	$1.8M	$975K	200x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05638	−0.042%	$1.1M	$817K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05646	+0.099%	$1.2M	$776K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05645	+0.082%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05647	+0.112%	$258K	$455K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	−0.007%	$21K	$658K	25x	as long as short
Extended POPCAT-USDlong	+0.0104%	1h	0.05640	long leg	$91K	$747K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05640	−0.007%	$130K	$294K	50x	as long as short
Hyperliquid POPCAT	+0.0488%	1h	0.05653	+0.224%	$2.7M	$1.3M	3x	as long as short