Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7971 | +0.0096 | pay 0.0012% / 1h | 22m 17s | $66K | $190K | 20x | Long Popdex | |
| SHORT | 0.7979 | +0.0100 | get 0.0100% / 8h | 3h 22m | $246K | $84K | 50x | Short HTX |
Price gap+0.100%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$10 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0004% /8h now · paid +0.004% over the last 6 days (all we have)
Price+$10spread +0.100% now, avg +0.003% → +0.097% if it goes back
Costs−$1941.935% 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
HTX price against Popdexnow
RANGE STATS · 7D
Now+0.100%
Average—
Range—
Wider than now—
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
1 ok · 4 to watch- Watch: Thin at this size24.4 / 57.8 bpAt $10k entering HTX costs 57.8 bp, fee and slippage, 2.4× Popdex’s.
- Note: Margin at max leverage$500 + $200Popdex 20x, HTX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short HTX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.100% vs +0.003%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$66K vs $246K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0003%/8h × 21 periods+$0.53
Price spread+0.100% → +0.003% (7d avg)+$9.69
Slippage, 4 orderslive order books−$175.12
Fee Popdex bp × 2 orders−$6.40
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$183.30
Costs to cover1.935%Break-even2430.6 days
Slippage: Popdex: live order book, 5 min ago; HTX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.2524.4 bp−$24194.7 bp−$1,947doesn’t fitdoesn’t fit
SELL · SHORTHTX23.1557.8 bp−$58doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Reya