Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.4188%/8h= −458.6% APRpaid last 24h −1.392%

Price spread now: Injective against KuCoin−0.944%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−5.156%−$516 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$126 a day on $10k at the current rate, and Injective is 0.944% cheaper against KuCoin than usual: you would sell low and buy high (−$94 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POPCATUSDTM	0.05616	0.0100	pay 0.0050% / 4h	2h 47m	$1.1M	$987K	50x
Short	Injective POPCAT/USDC PERP	0.05563	−0.4088	pay 0.0511% / 1h	47m 16s	$3K	$2K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.944%Rate

Funding earned: −$879.58
Price spread: −0.944% → 0.000%: −$94.37
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$985.97
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Injective: no order-book sample. 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 KuCoin live order book, 3 min ago	9.77 bp	189.8 bp −$190	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.4088%	1h	0.05563	−0.944%	$3K	$2K	5.5x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05608	−0.141%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0094%	4h	0.05622	+0.107%	$506K	$148K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05614	−0.036%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05612	−0.071%	$2.5M	$7.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05601	−0.267%	$8.8M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05610	−0.107%	$687K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	+0.071%	$445K	$635K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05611	−0.089%	$1.8M	$995K	200x	as long as short
KuCoin POPCATUSDTMlong	+0.0100%	4h	0.05616	long leg	$1.1M	$987K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05611	−0.089%	$1.2M	$950K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05608	−0.142%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05644	+0.492%	$251K	$502K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.427%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05608	−0.138%	$97K	$405K	10x	as long as short
Hyperliquid POPCAT	+0.0302%	1h	0.05614	−0.036%	$2.6M	$1.1M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05614	−0.036%	$128K	$327K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0411%	1h	0.05617	+0.017%	$149K	$146K	20x	as long as short