Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7618 | +0.0096 | pay 0.0012% / 1h | 57m 12s | $66K | $232K | 20x | Long Popdex | |
| SHORT | 0.7634 | −0.0124 | pay 0.0124% / 8h | 1h 57m | $607K | $175K | 50x | Short Variational Omni+15% pts |
Price gap+0.210%
Funding gap−0.0220% /8h
The gap pays +$26 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 3.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$46−0.0220% /8h now · paid −0.463% over the last 7D
Price+$26spread +0.210% now, avg −0.047% → +0.257% if it goes back
Costs−$1061.057% of $10k · taker + slippage, in and out
Result−$126−1.26%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.210%
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
3 ok · 3 to watch- Watch: Thin at this size26.8 / 12.4 bpAt $10k entering Popdex costs 26.8 bp, fee and slippage, 2.2× Variational Omni’s.
- Note: Margin at max leverage$500 + $200Popdex 20x, Variational Omni 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: −$6.61Long Popdex: 24 payments, −$2.88; short Variational Omni: 3 payments, −$3.73.
- OK: Entry gap works for you+0.210% vs −0.047%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$66K vs $607K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0236%/8h × 21 periods−$49.50
Price spread+0.210% → −0.047% (7d avg)+$25.72
Slippage, 4 orderslive order books−$99.28
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$129.46
Costs to cover1.057%Break-evennever at this rate
Slippage: Popdex: live order book, 42 min ago; Variational Omni: RFQ quote, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.9526.8 bp−$27230.7 bp−$2,307doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.9112.4 bp−$1219.5 bp−$195doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya