Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.098%

Price spread now: Gate against Reya+0.261%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.261% dearer against Reya than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POPCATRUSDPERP	0.05747	−0.0228	get 0.0029% / 1h	11m 21s	$1	—	10x
Short	Gate POPCAT_USDT	0.05762	0.0100	get 0.0050% / 4h	11m 21s	$441K	$550K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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 ReyabpFee GatebpOrdersPrice spread, now +0.261%Rate

Funding earned: $68.94
Price spread: +0.261% → 0.000%: $26.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $74.03
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Gate: live order book, 25 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 25 min ago	6.94 bp	80.3 bp −$80	doesn't fit	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.392%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERPlong	−0.0228%	1h	0.05747	long leg	$1	—	10x
Kraken Futures PF_POPCATUSD	−0.0161%	1h	0.05749	+0.043%	$154K	$156K	20x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05754	+0.122%	$100K	$61K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05755	+0.139%	$2.6M	$8.0M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05747	0.000%	$9.2M	$7.6M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05746	−0.017%	$700K	$1.7M	20x	as long as short
Gate POPCAT_USDTshort	+0.0100%	4h	0.05762	+0.261%	$441K	$550K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05752	+0.087%	$1.9M	$1.1M	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05753	+0.104%	$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	0.05747	0.000%	$1.2M	$1.0M	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05746	−0.017%	—	$1.6M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05722	−0.433%	$493K	$177K	—	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05760	+0.226%	$23K	$657K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05754	+0.119%	$94K	$746K	10x	as long as short
GRVT POPCAT_USDT_Perp	+0.0164%	4h	0.05777	+0.530%	$252K	$492K	10x	as long as short
Hyperliquid POPCAT	+0.0234%	1h	0.05755	+0.139%	$2.7M	$1.4M	3x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05759	+0.209%	$133K	$350K	50x	as long as short