Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2041 | −0.0195 | get 0.0024% / 1h | 19m 16s | $168K | $190K | 15x | Long Backpack | |
| SHORT | 0.2043 | +0.0096 | get 0.0012% / 1h | 19m 16s | $108K | $277K | 50x | Short Popdex |
Price gap+0.073%
Funding gap+0.0291% /8h
Funding trade: +$9 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$44+0.0291% /8h now · paid +0.443% over the last 7D
Price+$1spread +0.073% now, avg +0.061% → +0.012% if it goes back
Costs−$270.266% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.073%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hADA on 37 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- OK: Fits both order books6.9 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$667 + $200Backpack 15x, Popdex 50x. 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: +$8.73Long Backpack: 24 payments, +$5.85; short Popdex: 24 payments, +$2.88.
- Note: Gap at its usual level+0.073% vs +0.061%The price leg adds little either way.
- Watch: Short leg is thinner$108K vs $168K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · Popdex NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0211%/8h × 21 periods+$44.32
Price spread+0.073% → +0.061% (7d avg)+$1.23
Slippage, 4 orderslive order books−$10.22
Fee Backpack bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$18.92
Costs to cover0.266%Break-even4.0 days
Slippage: Backpack: live order book, 63 min ago; Popdex: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.256.9 bp−$713.7 bp−$137doesn’t fitdoesn’t fit
SELL · SHORTPopdex2.716.6 bp−$716.1 bp−$161doesn’t fitdoesn’t fit
Closing costs about the same again.
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