Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,679.7 | +0.0096 | pay 0.0012% / 1h | 1m 10s | $4.5M | $7.5M | 100x | Long Popdex | |
| SHORT | 2,679.2 | +0.0003 | 0.0000% / 1h | 1m 10s | $208K | $1.3M | 20x | Short Bullet |
Price gap−0.019%
Funding gap−0.0093% /8h
Funding costs $3 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.0093% /8h now · paid −0.236% over the last 7D
Price−$1spread −0.019% now, avg −0.005% → −0.014% if it goes back
Costs−$180.183% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitBullet: 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−0.019%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- OK: Fits both order books4.0 / 4.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500Popdex 100x, Bullet 20x. 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: −$2.78Long Popdex: 24 payments, −$2.88; short Bullet: 24 payments, +$0.10.
- Note: Gap at its usual level−0.019% vs −0.005%The price leg adds little either way.
- Watch: Short leg is thinner$208K vs $4.5M OIBullet 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 · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0124%/8h × 21 periods−$25.95
Price spread−0.019% → −0.005% (7d avg)−$1.39
Slippage, 4 orderslive order books−$3.89
Fee Popdex bp × 2 orders−$6.40
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$45.62
Costs to cover0.183%Break-evennever at this rate
Slippage: Popdex: live order book, 3 min ago; Bullet: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.564.0 bp−$44.1 bp−$414.5 bp−$4516.4 bp−$3,209
SELL · SHORTBullet0.564.6 bp−$57.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
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