Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7933 | +0.0096 | pay 0.0012% / 1h | 17m 12s | $66K | $224K | 20x | Long Popdex | |
| SHORT | 0.7933 | +0.0056 | get 0.0007% / 1h | 17m 12s | $120K | $1.6M | 25x | Short Extended10% off |
Price gap−0.005%
Funding gap−0.0040% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.8 days. At the last 7 days' pace that is about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0040% /8h now · paid −0.002% over the last 7D
Price+$5spread −0.005% now, avg −0.050% → +0.045% if it goes back
Costs−$950.954% of $10k · taker + slippage, in and out
Result−$91−0.91%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Extended: thin, under $1M open interest
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−0.005%
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
4 ok · 2 to watch- Watch: Thin at this size33.7 / 12.4 bpAt $10k entering Popdex costs 33.7 bp, fee and slippage, 2.7× Extended’s.
- Note: Margin at max leverage$500 + $400Popdex 20x, Extended 25x. 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: −$1.20Long Popdex: 24 payments, −$2.88; short Extended: 24 payments, +$1.68.
- OK: Entry gap works for you−0.005% vs −0.050%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$66K vs $120K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0001%/8h × 21 periods−$0.25
Price spread−0.005% → −0.050% (7d avg)+$4.54
Slippage, 4 orderslive order books−$84.02
Fee Popdex bp × 2 orders−$6.40
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$91.13
Costs to cover0.954%Break-evennever at this rate
Slippage: Popdex: live order book, 20 min ago; Extended: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.8933.7 bp−$34197.1 bp−$1,971doesn’t fitdoesn’t fit
SELL · SHORTExtended3.1512.4 bp−$1276.9 bp−$769doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya