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: BingX against OKX−0.035%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$394as in the Price arb table

costs, in and out, $10k−$3913.913% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.035%, 7d avg −0.011%

Together, before fees+0.035%+$3 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: BingX is 0.023% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POPCAT-USDT-SWAP	0.05750	0.0100	pay 0.0050% / 4h	13m 50s	$700K	$1.7M	20x
Short	BingX POPCAT-USDC	0.05748	0.0100	get 0.0050% / 4h	13m 50s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.011%: −$2.35
Slippage, 4 orders: −$371.35
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$393.7
Costs to cover: 3.913%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 8 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 OKX live order book, 3 min ago	6.11 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	13.10 bp	158.0 bp −$158	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	−0.5000%	1h	0.05667	−1.443%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05734	−0.270%	$1	—	10x	as long as short
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05732	−0.308%	$154K	$156K	20x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05751	+0.017%	$100K	$61K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05756	+0.098%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05743	−0.122%	$9.1M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAPlong	+0.0100%	4h	0.05750	long leg	$700K	$1.7M	20x
Gate POPCAT_USDT	+0.0100%	4h	0.05744	−0.104%	$441K	$549K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05751	+0.017%	$1.9M	$1.1M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05746	−0.070%	$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	0.05750	0.000%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDCshort	+0.0100%	4h	0.05748	−0.035%	—	$1.6M	—
Variational Omni POPCAT	+0.0100%	4h	0.05722	−0.485%	$493K	$177K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05730	−0.348%	$22K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05750	+0.002%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0136%	4h	0.05746	−0.064%	$250K	$505K	10x	as long as short
Hyperliquid POPCAT	+0.0243%	1h	0.05759	+0.163%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05730	−0.348%	$132K	$348K	50x	as long as short