POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.46 per $10,000 · paid last 24h −0.008%

Price spread now: Variational Omni against Gate−0.357%7-day average −0.058% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.420%+$42 · spread now −0.357%, 7d avg −0.058%

Together, before fees+0.412%+ Points / potential airdropVariational Omni: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.299% cheaper against Gate than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05735	0.0100	pay 0.0050% / 4h	1h 31m	$444K	$571K	50x
Short	Variational Omni POPCAT	0.05714	0.0007	get 0.0004% / 4h	1h 31m	$485K	$174K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.357%Rate

Funding earned: −$19.49
Price spread: −0.357% → −0.058%: −$29.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$64.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 10 min ago; Variational Omni: RFQ quote, 13 min ago. 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 Gate live order book, 10 min ago	8.73 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 13 min ago	7.01 bp	doesn't fit	82.3 bp −$823	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	−0.4288%	1h	0.05642	−1.622%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05733	−0.042%	$1	—	10x	as long as short
Variational Omni POPCATshort	+0.0007%	4h	0.05714	−0.357%	$485K	$174K	—
Lighter POPCAT	+0.0096%	1h	0.05731	−0.070%	$102K	$57K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05740	+0.094%	$2.5M	$7.8M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05729	−0.105%	$9.1M	$7.2M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05732	−0.052%	$694K	$1.7M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05735	long leg	$444K	$571K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05733	−0.035%	$1.9M	$1.0M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05734	−0.017%	$1.1M	$1.0M	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	0.05731	−0.070%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05723	−0.209%	—	$1.6M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.087%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05732	−0.055%	$95K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0246%	4h	0.05742	+0.122%	$262K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05742	+0.122%	$131K	$358K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0393%	1h	0.05731	−0.066%	$152K	$155K	20x	as long as short
Hyperliquid POPCAT	+0.0582%	1h	0.05739	+0.070%	$2.7M	$1.4M	3x	as long as short