Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.296%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on MEXC Short on Bybit

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+0.129%+$13 · spread now −0.296%, 7d avg −0.158%

Together, before fees+0.128%+$13 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: Bybit is 0.139% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05737	0.0100	pay 0.0050% / 4h	1h 00m	$1.9M	$1.1M	200x
Short	Bybit POPCATUSDT	0.05720	0.0100	get 0.0050% / 4h	1h 00m	$9.1M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.296%Rate

Funding earned: $0
Price spread: −0.296% → −0.158%: −$13.86
Slippage, 4 orders: −$54.7
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.56
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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, 1 min ago	2.62 bp	11.2 bp −$11	59.5 bp −$595	135.6 bp −$13.6K	261.4 bp −$130.7K
Sell Bybit live order book, 3 min ago	3.47 bp	19.5 bp −$20	79.9 bp −$799	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	−0.4288%	1h	0.05642	−1.656%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05726	−0.199%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0029%	4h	0.05717	−0.340%	$492K	$181K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05727	−0.174%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05734	−0.056%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05720	−0.296%	$9.1M	$7.5M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05731	−0.105%	$696K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05722	−0.261%	$443K	$584K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05737	long leg	$1.9M	$1.1M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05724	−0.227%	$1.1M	$1.0M	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	0.05732	−0.087%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05730	−0.122%	—	$6.9M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05790	+0.924%	$23K	$659K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05733	−0.075%	$93K	$375K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0138%	4h	0.05781	+0.767%	$264K	$503K	10x	as long as short
Hyperliquid POPCAT	+0.0267%	1h	0.05736	−0.019%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05732	−0.087%	$132K	$363K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0394%	1h	0.05719	−0.312%	$153K	$161K	20x	as long as short