Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.177%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.346%+$35 · spread now −0.177%, 7d avg −0.004%

Together, before fees+0.345%+$35 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: ApeX Omni is 0.173% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05650	0.0100	pay 0.0050% / 4h	3h 07m	$1.8M	$1.0M	200x
Short	ApeX Omni POPCATUSDT	0.05640	0.0100	get 0.0013% / 1h	7m 16s	$22K	$655K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.004%: −$17.31
Slippage, 4 orders: −$91.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$123.02
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; ApeX Omni: live order book, 46 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 MEXC live order book, 4 min ago	6.17 bp	16.2 bp −$16	65.6 bp −$656	118.5 bp −$11.9K	246.9 bp −$123.5K
Sell ApeX Omni live order book, 46 min ago	17.64 bp	37.8 bp −$38	doesn't fit	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	−0.4864%	1h	0.05611	−0.690%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05646	−0.079%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0129%	4h	0.05661	+0.203%	$509K	$164K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05645	−0.088%	$101K	$56K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05651	+0.020%	$2.5M	$7.2M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05634	−0.283%	$8.9M	$6.7M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05641	−0.159%	$693K	$1.6M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05640	−0.177%	$445K	$638K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05650	long leg	$1.8M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05654	+0.071%	$1.1M	$986K	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	0.05649	−0.018%	$1.2M	$945K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05636	−0.248%	—	$6.8M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05651	+0.018%	$251K	$502K	10x	as long as short
ApeX Omni POPCATUSDTshort	+0.0100%	1h	0.05640	−0.177%	$22K	$655K	25x
Extended POPCAT-USD	+0.0104%	1h	0.05641	−0.154%	$97K	$280K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05653	+0.053%	$130K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0509%	1h	0.05648	−0.031%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.0541%	1h	0.05652	+0.037%	$2.7M	$1.1M	3x	as long as short