Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

GRAM

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PopdexGRAMUSDT
1.4950+0.0096pay 0.0012% / 1h14m 17s$105K$429K50xLong Popdex
SHORT
ApeX OmniGRAMUSDT
1.4940+0.0100get 0.0013% / 1h14m 17s$11K$444K50xShort ApeX Omni5% off
Price gap−0.067%57s
Funding gap+0.0004% /8h

Funding is ≈ 0 and the gap is 0.036% under its 7d average: the price leg works against you, −$4 on $10k if it goes back.

The two prices were read 57 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$1+0.0004% /8h now · paid +0.009% over the last 6 days (all we have)
Price—spread −0.067%57s now · prices read too far apart to compare
Costs−$710.708% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.067%
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

/8h

GRAM on 22 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size14.5 / 21.4 bp
    At $10k entering ApeX Omni costs 21.4 bp, fee and slippage, 1.5× Popdex’s.
  • Note: Margin at max leverage$200 + $200
    Popdex 50x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short ApeX Omni: 24 payments, +$3.00.
  • Watch: Prices read 57 s apart−0.067% vs −0.031%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$11K vs $105K OI
    ApeX Omni 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 · ApeX Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0005%/8h × 21 periods+$0.99
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$54.42
Fee Popdex bp × 2 orders−$6.40
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$69.84
price spread not counted: prices read too far apart
Costs to cover0.708%Break-even502.6 days
Slippage: Popdex: live order book, 7 min ago; ApeX Omni: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex3.3514.5 bp−$14doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTApeX Omni13.3921.4 bp−$21122.7 bp−$1,227doesn’t fitdoesn’t fit

Closing costs about the same again.

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