Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.068%7-day average +0.057% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.068%, 7d avg +0.057%

Together, before fees−0.244%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POPCAT	0.05477	0.0100	pay 0.0050% / 4h	2h 06m	$501K	$173K	—
Short	Extended POPCAT-USD	0.05481	0.0104	get 0.0013% / 1h	6m 18s	$97K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.84
Price spread: +0.068% → +0.057%: $1.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.12
Costs to cover: 0.050%
Break-even: 33.0 days

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; Extended: live order book, 16 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 Variational Omni RFQ quote, 18 min ago	6.36 bp	doesn't fit	106.4 bp −$1,064	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	2.72 bp	62.5 bp −$63	382.7 bp −$3,827	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	−0.4569%	1h	0.05437	−0.728%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSD	−0.1072%	1h	0.05467	−0.181%	$139K	$114K	20x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05481	+0.075%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05481	+0.076%	$99K	$45K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05484	+0.126%	$2.3M	$6.3M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05475	−0.034%	$8.8M	$5.8M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05478	+0.021%	$673K	$1.4M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05481	+0.076%	$416K	$673K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05483	+0.112%	$1.9M	$923K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05491	+0.258%	$1.1M	$995K	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	0.05480	+0.057%	$1.1M	$885K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05478	+0.021%	—	$6.8M	—	as long as short
Variational Omni POPCATlong	+0.0100%	4h	0.05477	long leg	$501K	$173K	—
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05498	+0.387%	$244K	$489K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05490	+0.240%	$22K	$645K	25x	as long as short
Extended POPCAT-USDshort	+0.0104%	1h	0.05481	+0.068%	$97K	$440K	10x
BloFin POPCAT-USDT	+0.0340%	4h	0.05486	+0.167%	$124K	$284K	50x	as long as short
Hyperliquid POPCAT	+0.1437%	1h	0.05497	+0.369%	$2.5M	$1.1M	3x	as long as short