Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7920 | +0.0100 | pay 0.0013% / 1h | 0m 15s | $57K | $472K | 50x | Long ApeX Omni5% off | |
| SHORT | 0.7931 | +0.0096 | get 0.0012% / 1h | 0m 15s | $66K | $227K | 20x | Short Popdex |
Price gap+0.139%57s
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$17 on $10k if the gap goes back to its 7d average.
The two prices were read 57 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0004% /8h now · paid −0.007% over the last 6 days (all we have)
Price—spread +0.139%57s now · prices read too far apart to compare
Costs−$1271.271% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.139%
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
/8hAPT on 30 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size29.7 / 29.4 bpAt $10k entering ApeX Omni costs 29.7 bp, fee and slippage, 1.0× Popdex’s.
- Note: Margin at max leverage$200 + $500ApeX Omni 50x, Popdex 20x. 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: −$0.12Long ApeX Omni: 24 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Prices read 57 s apart+0.139% vs −0.036%Part of this gap may be the market moving.
- Watch: Long leg is thinner$57K vs $66K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0004%/8h × 21 periods−$0.80
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$110.67
Fee ApeX Omni bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$127.87
price spread not counted: prices read too far apartCosts to cover1.271%Break-evennever at this rate
Slippage: ApeX Omni: live order book, 56 min ago; Popdex: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni19.0229.7 bp−$30156.9 bp−$1,569doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.2729.4 bp−$29267.7 bp−$2,677doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya