Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.032%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1701.696% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.032%, 7d avg −0.069%

Together, before fees−0.136%+ Points / potential airdropExtended: Active · farm board−$14 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: Extended is 0.101% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05759	0.0100	pay 0.0050% / 4h	1h 22m	$1.9M	$1.0M	200x
Short	Extended POPCAT-USD	0.05761	0.0104	get 0.0013% / 1h	22m 26s	$94K	$381K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0.84
Price spread: +0.032% → −0.069%: $10.14
Slippage, 4 orders: −$160.57
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$158.59
Costs to cover: 1.696%
Break-even: 1328.6 days

Slippage from MEXC: live order book, 4 min ago; Extended: live order book, 20 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	5.19 bp	13.8 bp −$14	29.4 bp −$294	136.8 bp −$13.7K	255.4 bp −$127.7K
Sell Extended live order book, 20 min ago	3.49 bp	64.2 bp −$64	368.6 bp −$3,686	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	−2.032%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05757	−0.033%	$1	—	10x	as long as short
Variational Omni POPCAT	+0.0020%	4h	0.05767	+0.147%	$497K	$180K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05760	+0.017%	$102K	$59K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05767	+0.139%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05753	−0.104%	$9.2M	$7.3M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05754	−0.087%	$699K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05770	+0.191%	$446K	$575K	50x	as long as short
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05759	long leg	$1.9M	$1.0M	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05754	−0.087%	$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	0.05756	−0.052%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05760	+0.017%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05740	−0.330%	$22K	$655K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05761	+0.032%	$94K	$381K	10x
GRVT POPCAT_USDT_Perp	+0.0256%	4h	0.05763	+0.071%	$263K	$524K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05769	+0.174%	$131K	$360K	50x	as long as short
Kraken Futures PF_POPCATUSD	+0.0392%	1h	0.05751	−0.144%	$151K	$158K	20x	as long as short
Hyperliquid POPCAT	+0.0522%	1h	0.05768	+0.153%	$2.7M	$1.4M	3x	as long as short