POPCAT arbitrage explained
Right now Popcat (POPCAT) trades on 9 venues we scan: 9 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0482 and the highest bid on KuCoin perp at $0.0483.
The widest POPCAT perpetual spread is between Gate and KuCoin: long POPCAT on Gate at $0.0482 and short on KuCoin at $0.0483 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best POPCAT route is to buy spot on Bybit and short the perpetual on KuCoin: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot POPCAT arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) shows -0.10% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small POPCAT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: POPCAT funding rates · POPCAT spread charts · Popcat price · arbitrage scanner for all coins.