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 −0.001%

Price spread now: Bitget against MEXC−0.142%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.096%−$10 · spread now −0.142%, 7d avg −0.035%

Together, before fees−0.097%−$10 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: Bitget is 0.107% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05624	0.0100	pay 0.0050% / 4h	18m 33s	$1.8M	$968K	200x
Short	Bitget POPCATUSDT	0.05616	0.0100	get 0.0050% / 4h	18m 33s	$1.2M	$937K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.035%: −$10.73
Slippage, 4 orders: −$87.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.99
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	5.32 bp	15.8 bp −$16	66.1 bp −$661	138.2 bp −$13.8K	267.4 bp −$133.7K
Sell Bitget live order book, 3 min ago	4.44 bp	29.5 bp −$30	120.3 bp −$1,203	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	−0.4247%	1h	0.05544	−1.422%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05633	+0.160%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0062%	4h	0.05625	+0.026%	$508K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05622	−0.036%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05626	+0.029%	$2.4M	$7.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05613	−0.196%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05620	−0.071%	$694K	$1.5M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	−0.071%	$444K	$636K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05624	long leg	$1.8M	$968K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05619	−0.089%	$1.1M	$981K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDTshort	+0.0100%	4h	0.05616	−0.142%	$1.2M	$937K	50x
BingX POPCAT-USDT	+0.0100%	4h	0.05615	−0.160%	—	$6.7M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05650	+0.462%	$22K	$650K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05621	−0.053%	$96K	$525K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0210%	4h	0.05662	+0.676%	$250K	$502K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05653	+0.516%	$125K	$329K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0575%	1h	0.05633	+0.155%	$150K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1030%	1h	0.05629	+0.098%	$2.6M	$1.0M	3x	as long as short