POPCAT Funding Rate — live across 12 venues

Compared across 12 supported venues · net of estimated fees · updated every few minutes

Live annualized POPCAT perpetual funding across all 12 venues Perpia tracks. Right now POPCAT funding is positive on 12 and negative on 0, ranging from +11.4% on Extended to +1.8% on KuCoin — a spread of 9.6%. The widest delta-neutral trade is long KuCoin / short Extended at 5.4% net APR.

venues

paying positive

9.6%

funding spread

Best POPCAT spread now

5.4%

net APR after fees

Long KuCoin→Short Extended

size depends on live venue depth — see the real cap in the scanner

POPCAT funding trend & liquidity

168h of history

9.6%

current gross APR

6.0%

24h average

3.5%

7-day average

$78K

pair OI · lower leg

$136K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

POPCAT funding rate history

30d · 6h buckets · 12 venues

99.3%0-78.6%

2 Aug1 Sep

POPCAT — average across 12 venuesExtendedHyperliquidBinanceBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +8.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

POPCAT funding rate by venue

12 pairs scanned

Venue	Funding APR	Interval
Extended ↗	+11.4%	1h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
MEXC ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Variational ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Lighter ↗	+10.5%	8h
KuCoin ↗	+1.8%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs Extended page.

POPCAT arbitrage — 30-day backtest

long KuCoin · short Extended

4.4%

backtested APR

+$36

historical net P&L on $10,000

0.20%

max drawdown

$10,000$10,036

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short Extended would have produced 4.4% APR — versus the 5.4% the live spread implies right now (equity $10,000 → $10,036). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading POPCAT backtest…

POPCAT funding — FAQ

Is POPCAT funding positive right now?

POPCAT perpetual funding is positive on 12 of 12 venues Perpia tracks. The highest is +11.4% on Extended; the lowest is +1.8% on KuCoin.

What is the best POPCAT funding arbitrage right now?

Go long KuCoin and short Extended for about 5.4% net APR after fees — the widest delta-neutral POPCAT spread Perpia currently sees.

Which exchange has the highest POPCAT funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How POPCAT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to POPCAT

Markets also quoted on both Extended and KuCoin — the same two exchanges you would already have funded for the POPCAT trade.

See every spread between them on the Extended vs KuCoin page.

Open the live scanner →All funding rates Funding by exchange How we calculate this