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: Gate against MEXC−0.196%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2082.077% of the position

Long on MEXC Short on Gate

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)+0.092%+$9 · spread now −0.196%, 7d avg −0.086%

Together, before fees+0.091%+$9 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: Gate is 0.110% 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 −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POPCAT_USDT	0.05607	0.0100	pay 0.0050% / 4h	1h 04m	$1.8M	$961K	200x
Short	Gate POPCAT_USDT	0.05596	0.0100	get 0.0050% / 4h	1h 04m	$440K	$639K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.196%Rate

Funding earned: $0
Price spread: −0.196% → −0.086%: −$11.01
Slippage, 4 orders: −$188.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$218.73
Costs to cover: 2.077%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 57 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	8.02 bp	16.9 bp −$17	63.1 bp −$631	150.0 bp −$15.0K	274.0 bp −$137.0K
Sell Gate live order book, 57 min ago	9.82 bp	93.5 bp −$94	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	−0.4257%	1h	0.05587	−0.357%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05601	−0.107%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0167%	4h	0.05593	−0.242%	$506K	$163K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05604	−0.054%	$101K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05608	+0.024%	$2.4M	$6.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05591	−0.285%	$8.8M	$6.4M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05601	−0.107%	$694K	$1.5M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05596	−0.196%	$440K	$639K	50x
MEXC POPCAT_USDTlong	+0.0100%	4h	0.05607	long leg	$1.8M	$961K	200x
KuCoin POPCATUSDTM	+0.0100%	4h	0.05603	−0.071%	$1.1M	$983K	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	0.05603	−0.071%	$1.2M	$936K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05591	−0.285%	—	$6.8M	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05640	+0.589%	$22K	$650K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05600	−0.128%	$95K	$530K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0130%	4h	0.05648	+0.731%	$250K	$493K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0295%	1h	0.05604	−0.057%	$150K	$146K	20x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05619	+0.214%	$126K	$325K	50x	as long as short
Hyperliquid POPCAT	+0.0889%	1h	0.05616	+0.164%	$2.6M	$997K	3x	as long as short