Settings8H · net · $10k
Funding arb · Price arb /

POPCAT

all POPCAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.263%
Price spread now: Hyperliquid against MEXC+0.094%7-day average +0.106% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.409%+$41 on $10k
Price spread, last 7 days−0.055%−$5 · spread now +0.094%, 7d avg +0.106%
Together, before fees+0.354%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC POPCAT_USDT0.057260.0100pay 0.0050% / 4h21m 34s$1.9M$1.1M200x
ShortHyperliquid POPCAT0.057310.0252get 0.0031% / 1h21m 34s$2.7M$1.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$31.85
Price spread: +0.094% → +0.106%
−$1.19
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$17.65
Costs to cover
0.130%
Break-even
3.1 days
Slippage unknown: MEXC: live order book, just now; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, just now6.11 bp17.4 bp −$1767.3 bp −$673123.7 bp −$12.4K261.8 bp −$130.9K
Sell Hyperliquid live order book, 10 min ago1.83 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

POPCAT on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POPCAT/USDC PERP−0.5000%1h0.05683−0.751%$3K$2K5.5xas long as short
Reya POPCATRUSDPERP−0.0228%1h0.05727+0.014%$110xas long as short
Kraken Futures PF_POPCATUSD−0.0162%1h0.05717−0.152%$153K$156K20xas long as short
Variational Omni POPCAT+0.0059%4h0.05705−0.368%$491K$180Kas long as short
Lighter POPCAT+0.0096%1h0.05722−0.070%$100K$61K10xas long as short
Binance POPCATUSDT+0.0100%4h0.05728+0.035%$2.6M$8.0M50xas long as short
Bybit POPCATUSDT+0.0100%4h0.05716−0.175%$9.1M$7.6M50xas long as short
OKX POPCAT-USDT-SWAP+0.0100%4h0.05719−0.122%$696K$1.7M20xas long as short
Gate POPCAT_USDT+0.0100%4h0.05720−0.105%$439K$548K50xas long as short
MEXC POPCAT_USDTlong+0.0100%4h0.05726long leg$1.9M$1.1M200x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin POPCATUSDTM+0.0100%4h0.05733+0.122%$1.1M$1.0M50xas long as short
Bitget POPCATUSDT+0.0100%4h0.05728+0.035%$1.2M$1.0M50xas long as short
BingX POPCAT-USDC+0.0100%4h0.05719−0.122%$1.6Mas long as short
ApeX Omni POPCATUSDT+0.0100%1h0.05710−0.279%$22K$658K25xas long as short
Extended POPCAT-USD+0.0104%1h0.05720−0.101%$94K$746K10xas long as short
GRVT POPCAT_USDT_Perp+0.0118%4h0.05717−0.158%$249K$505K10xas long as short
Hyperliquid POPCATshort+0.0252%1h0.05731+0.094%$2.7M$1.4M3x
BloFin POPCAT-USDT+0.0340%4h0.05715−0.192%$134K$360K50xas long as short