Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7857 | +0.0096 | pay 0.0012% / 1h | 37m 20s | $64K | $228K | 20x | Long Popdex | |
| SHORT | 0.7830 | +0.0100 | get 0.0013% / 1h | 37m 20s | $57K | $464K | 50x | Short ApeX Omni5% off |
Price gap−0.344%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.379% under its 7d average: the price leg works against you, −$38 on $10k if it goes back.
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−$38spread −0.344% now, avg +0.036% → −0.379% if it goes back
Costs−$1271.271% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.344%
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 size37.9 / 30.1 bpAt $10k entering Popdex costs 37.9 bp, fee and slippage, 1.3× ApeX Omni’s.
- Note: Margin at max leverage$500 + $200Popdex 20x, ApeX Omni 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: +$0.12Long Popdex: 24 payments, −$2.88; short ApeX Omni: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.344% vs +0.036%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$57K vs $64K 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 legPopdex No · ApeX Omni 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+$0.81
Price spread−0.344% → +0.036% (7d avg)−$37.93
Slippage, 4 orderslive order books−$110.67
Fee Popdex bp × 2 orders−$6.40
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$164.19
Costs to cover1.271%Break-even1429.5 days
Slippage: Popdex: live order book, 19 min ago; ApeX Omni: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.2737.9 bp−$38240.3 bp−$2,403doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni19.0230.1 bp−$30186.9 bp−$1,869doesn’t fitdoesn’t fit
Closing costs about the same again.

