Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.115%

Price spread now: BingX against KuCoin−0.142%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$550as in the Funding arb table

Net, price: spread back to 7d avg − costs−$534as in the Price arb table

costs, in and out, $10k−$5285.278% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.142%, 7d avg −0.085%

Together, before fees−0.152%−$15 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 0.057% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05632	0.0100	pay 0.0050% / 4h	1h 25m	$1.1M	$986K	50x
Short	BingX POPCAT-USDC	0.05624	0.0100	get 0.0050% / 4h	1h 25m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.085%: −$5.72
Slippage, 4 orders: −$505.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$533.54
Costs to cover: 5.278%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; BingX: live order book, 6 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 KuCoin live order book, 9 min ago	4.43 bp	181.6 bp −$182	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	13.30 bp	88.0 bp −$88	387.1 bp −$3,871	615.6 bp −$61.6K	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	−0.4257%	1h	0.05560	−1.278%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05633	+0.021%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0120%	4h	0.05621	−0.189%	$508K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05633	+0.018%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05639	+0.132%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05624	−0.142%	$8.8M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05632	0.000%	$695K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05630	−0.036%	$446K	$637K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05639	+0.124%	$1.8M	$957K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05632	long leg	$1.1M	$986K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05636	+0.071%	$1.2M	$938K	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05624	−0.142%	—	$1.6M	—
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05650	+0.320%	$22K	$651K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05630	−0.031%	$96K	$529K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0140%	4h	0.05644	+0.213%	$252K	$494K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0294%	1h	0.05633	+0.017%	$151K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05630	−0.036%	$124K	$325K	50x	as long as short
Hyperliquid POPCAT	+0.0808%	1h	0.05647	+0.261%	$2.6M	$997K	3x	as long as short