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 0.000%

Price spread now: Binance against MEXC+0.035%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.039%−$4 · spread now +0.035%, 7d avg +0.006%

Together, before fees−0.039%−$4 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: Binance is 0.030% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05645	0.0100	pay 0.0050% / 4h	1h 29m	$1.8M	$957K	200x
Short	Binance POPCATUSDT	0.05647	0.0100	get 0.0050% / 4h	1h 29m	$2.4M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.006%: $2.97
Slippage, 4 orders: −$64.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.56
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 9 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, 2 min ago	0.88 bp	10.9 bp −$11	58.7 bp −$587	124.0 bp −$12.4K	260.7 bp −$130.3K
Sell Binance live order book, 9 min ago	2.67 bp	22.9 bp −$23	81.4 bp −$814	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	−0.4257%	1h	0.05560	−1.506%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05642	−0.053%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0120%	4h	0.05631	−0.251%	$510K	$162K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05646	+0.018%	$101K	$51K	10x	as long as short
Binance POPCATUSDTshort	+0.0100%	4h	0.05647	+0.035%	$2.4M	$6.9M	50x
Bybit POPCATUSDT	+0.0100%	4h	0.05635	−0.177%	$8.9M	$6.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05642	−0.053%	$696K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05645	0.000%	$447K	$637K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05645	long leg	$1.8M	$957K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05645	0.000%	$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	0.05645	0.000%	$1.2M	$938K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05642	−0.053%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05650	+0.089%	$22K	$651K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05642	−0.046%	$96K	$529K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0142%	4h	0.05649	+0.071%	$252K	$495K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0293%	1h	0.05641	−0.078%	$151K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05643	−0.035%	$124K	$326K	50x	as long as short
Hyperliquid POPCAT	+0.0825%	1h	0.05655	+0.179%	$2.6M	$997K	3x	as long as short