Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,677.5 | +0.0096 | pay 0.0012% / 1h | 32m 07s | $4.5M | $7.3M | 100x | Long Popdex | |
| SHORT | 2,677 | −0.0136 | pay 0.0017% / 1h | 32m 07s | $252K | $1.9M | 20x | Short Hibachi |
Price gap−0.019%
Funding gap−0.0232% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.049% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0232% /8h now · paid −0.216% over the last 7D
Price−$5spread −0.019% now, avg +0.029% → −0.049% if it goes back
Costs−$190.188% of $10k · taker + slippage, in and out
Result−$45−0.45%+ Points / potential airdropHibachi: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitHibachi: 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
4 ok · 2 to watch- OK: Fits both order books3.7 / 5.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500Popdex 100x, Hibachi 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: −$6.96Long Popdex: 24 payments, −$2.88; short Hibachi: 24 payments, −$4.08.
- Watch: Gap narrower than usual−0.019% vs +0.029%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$252K vs $4.5M 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 legPopdex No · Hibachi NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0113%/8h × 21 periods−$23.68
Price spread−0.019% → +0.029% (7d avg)−$4.86
Slippage, 4 orderslive order books−$3.38
Fee Popdex bp × 2 orders−$6.40
Fee Hibachi bp × 2 orders−$9.00
Net · 7 days · $10k−$47.32
Costs to cover0.188%Break-evennever at this rate
Slippage: Popdex: live order book, 2 min ago; Hibachi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.193.7 bp−$43.8 bp−$384.3 bp−$4296.1 bp−$3,059
SELL · SHORTHibachi0.135.4 bp−$59.0 bp−$90doesn’t fitdoesn’t fit
Closing costs about the same again.
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