Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 737.01 | +0.0568 | pay 0.0071% / 1h | 50m 40s | $166K | $7K | 12x | Long Hibachi | |
| SHORT | 738.00 | +0.0096 | get 0.0012% / 1h | 50m 40s | $257K | $674K | 50x | Short Popdex |
Price gap+0.134%
Funding gap−0.0472% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$54−0.0472% /8h now · paid −0.545% over the last 7D
Price+$5spread +0.134% now, avg +0.089% → +0.045% if it goes back
Costs−$270.268% of $10k · taker + slippage, in and out
Result−$77−0.77%+ Points / potential airdropHibachi: 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+0.134%
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
/8hBNB on 47 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books9.7 / 3.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$833 + $200Hibachi 12x, Popdex 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: −$14.16Long Hibachi: 24 payments, −$17.04; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.134% vs +0.089%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$166K vs $257K OIHibachi sets your exit cost. Check its book before closing.
- OK: Points on a legHibachi pointsVolume here counts toward the points program.
- OK: No KYC on either legHibachi No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0259%/8h × 21 periods−$54.46
Price spread+0.134% → +0.089% (7d avg)+$4.55
Slippage, 4 orderslive order books−$11.40
Fee Hibachi bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$76.71
Costs to cover0.268%Break-evennever at this rate
Slippage: Hibachi: live order book, 39 min ago; Popdex: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHibachi0.809.7 bp−$1035.1 bp−$351doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.683.9 bp−$413.4 bp−$134doesn’t fitdoesn’t fit
Closing costs about the same again.
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