Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.055%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$428as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$4284.278% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.055%, 7d avg +0.011%

Together, before fees+0.008%+$1 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 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05490	0.0100	pay 0.0050% / 4h	2h 12m	$416K	$673K	50x
Short	BingX POPCAT-USDC	0.05493	0.0100	get 0.0050% / 4h	2h 12m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.011%: $4.35
Slippage, 4 orders: −$402.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$423.47
Costs to cover: 4.278%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; BingX: live order book, 4 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 Gate live order book, 9 min ago	8.17 bp	199.3 bp −$199	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	13.63 bp	74.6 bp −$75	312.5 bp −$3,125	498.3 bp −$49.8K	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	−0.4569%	1h	0.05454	−0.656%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1070%	1h	0.05481	−0.166%	$140K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05487	−0.047%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05487	−0.055%	$100K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05489	−0.018%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05480	−0.182%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05486	−0.073%	$674K	$1.4M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05490	long leg	$416K	$673K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05489	−0.018%	$1.9M	$920K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05495	+0.091%	$1.1M	$992K	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	0.05485	−0.091%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05493	+0.055%	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05499	+0.159%	$503K	$173K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05516	+0.469%	$245K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05500	+0.182%	$22K	$645K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05487	−0.054%	$97K	$440K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05499	+0.164%	$124K	$285K	50x	as long as short
Hyperliquid POPCAT	+0.1391%	1h	0.05499	+0.169%	$2.5M	$1.1M	3x	as long as short