Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.5040 | +0.0096 | pay 0.0012% / 1h | 34m 10s | $102K | $414K | 50x | Long Popdex | |
| SHORT | 1.5000 | −0.3100 | pay 0.0387% / 1h | 34m 10s | $4K | $4.2M | 10x | Short Injective |
Price gap−0.266%46s
Funding gap−0.3196% /8h
Both sides work against this direction now: funding costs $96 a day on $10k and the gap is 0.064% under its 7d average. Swap the legs.
The two prices were read 46 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 forecastFunding−$122−0.3196% /8h now · paid −1.222% over the last 6 days (all we have)
Price—spread −0.266%46s now · prices read too far apart to compare
Costs−$910.914% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 6 days it paid −1.222% in total, about −0.0738%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Injective price against Popdexnow
RANGE STATS · 7D
Now−0.266%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hGRAM on 22 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size6.5 / 36.6 bpAt $10k entering Injective costs 36.6 bp, fee and slippage, 5.6× Popdex’s.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, Injective 10x. 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: −$95.87Long Popdex: 24 payments, −$2.88; short Injective: 24 payments, −$92.99.
- Watch: Prices read 46 s apart−0.266% vs −0.202%Part of this gap may be the market moving.
- Watch: Short leg is thinner$4K vs $102K OIInjective 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 · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0738%/8h × 21 periods−$155.06
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$84.93
Fee Popdex bp × 2 orders−$6.40
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k−$246.41
price spread not counted: prices read too far apartCosts to cover0.914%Break-evennever at this rate
Slippage: Popdex: live order book, 29 min ago; Injective: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.306.5 bp−$7doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTInjective36.5636.6 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.