Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.4980 | +0.0096 | pay 0.0012% / 1h | 8m 43s | $109K | $433K | 50x | Long Popdex | |
| SHORT | 1.5000 | +0.0100 | get 0.0050% / 4h | 1h 08m | $10.6M | $17.9M | 50x | Short OKX |
Price gap+0.134%53s
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$19 on $10k if the gap goes back to its 7d average.
The two prices were read 53 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−$1+0.0004% /8h now · paid −0.008% over the last 6 days (all we have)
Price—spread +0.134%53s now · prices read too far apart to compare
Costs−$690.686% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
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
/8hGRAM on 22 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size18.7 / 13.1 bpAt $10k entering Popdex costs 18.7 bp, fee and slippage, 1.4× OKX’s.
- Note: Margin at max leverage$200 + $200Popdex 50x, OKX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short OKX: 6 payments, +$3.00.
- Watch: Prices read 53 s apart+0.134% vs −0.057%Part of this gap may be the market moving.
- Watch: Long leg is thinner$109K vs $10.6M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0004%/8h × 21 periods−$0.89
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$52.18
Fee Popdex bp × 2 orders−$6.40
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$69.46
price spread not counted: prices read too far apartCosts to cover0.686%Break-evennever at this rate
Slippage: Popdex: live order book, 54 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.3118.7 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX3.3513.1 bp−$1336.3 bp−$363doesn’t fitdoesn’t fit
Closing costs about the same again.