POPCAT Funding Rate — live across 11 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized POPCAT perpetual funding across all 11 venues Perpia tracks. Right now POPCAT funding is positive on 9 and negative on 2, ranging from +10.9% on OKX to -43.7% on Variational — a spread of 54.6%. The widest delta-neutral trade is long Variational / short OKX at 51.4% net APR.
POPCAT funding rate by venue
31 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Extended | -39.4% | 1h |
| Variational | -43.7% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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POPCAT funding — FAQ
Is POPCAT funding positive right now?
POPCAT perpetual funding is positive on 9 of 11 venues Perpia tracks and negative on 2. The highest is +10.9% on OKX; the lowest is -43.7% on Variational.
What is the best POPCAT funding arbitrage right now?
Go long Variational and short OKX for about 51.4% net APR after fees — the widest delta-neutral POPCAT spread Perpia currently sees.
Which exchange has the highest POPCAT funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How POPCAT funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.