Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 159.68 | +0.0096 | pay 0.0012% / 1h | 18m 43s | $116K | $817K | 50x | Long Popdex | |
| SHORT | 159.93 | −0.0060 | pay 0.0008% / 1h | 18m 43s | $6K | $600K | 10x | Short Phoenix |
Price gap+0.157%
Funding gap−0.0156% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 2.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$31−0.0156% /8h now · paid −0.307% over the last 6 days (all we have)
Price+$13spread +0.157% now, avg +0.029% → +0.127% if it goes back
Costs−$420.419% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phoenix price against Popdexnow
RANGE STATS · 7D
Now+0.157%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAAVE on 41 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest6.6 / 13.8 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.68Long Popdex: 24 payments, −$2.88; short Phoenix: 24 payments, −$1.80.
- OK: Entry gap works for you+0.157% vs +0.029%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$6K vs $116K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0172%/8h × 21 periods−$36.18
Price spread+0.157% → +0.029% (7d avg)+$12.74
Slippage, 4 orderslive order books−$28.52
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$65.36
Costs to cover0.419%Break-evennever at this rate
Slippage: Popdex: live order book, 60 min ago; Phoenix: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.876.6 bp−$761.6 bp−$616doesn’t fitdoesn’t fit
SELL · SHORTPhoenix1.2513.8 bp−$1445.8 bp−$458doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | AAVERUSDPERP no longer reported ($AAVE) seen by our collector |
| 09-29 11:00 | Bulk | Listing | AAVE-USD no longer reported ($AAVE) seen by our collector |
| 09-29 08:55 | ApeX Omni | Other | 50 up, 36 down on the ApeX board, median +1.1%. DeFi and payment names swept it: $CRV +21.5%, $HBAR +20.3%, ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 +15.8%, $XLM +11.2%, $AAVE +11.2%. ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 has bounced 64% off its August low since ApeX confirmed on 9 Sep that supply is fixed at 500M with no unlocks left. @OfficialApeXdex on X ↗ |
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |


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