Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.360 | +0.0080 | pay 0.0010% / 1h | 44m 52s | $1.2M | $1.7M | 50x | Long Coinbase International | |
| SHORT | 14.352 | +0.0096 | get 0.0012% / 1h | 44m 52s | $219K | $353K | 50x | Short Popdex |
Price gap−0.056%
Funding gap+0.0016% /8h
Both sides work: funding pays $0 a day on $10k, and the gap is 0.066% above its 7d average: +$7 more if it goes back.
Funding on this pair cost 0.200% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$20+0.0016% /8h now · paid −0.200% over the last 6 days (all we have)
Price+$7spread −0.056% now, avg −0.122% → +0.066% if it goes back
Costs−$330.332% of $10k · taker + slippage, in and out
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
Popdex price against Coinbase Internationalnow
RANGE STATS · 7D
Now−0.056%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLINK on 40 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books12.4 / 5.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $200Coinbase International 50x, Popdex 50x. 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: +$0.48Long Coinbase International: 24 payments, −$2.40; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−0.056% vs −0.122%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$219K vs $1.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Popdex NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0114%/8h × 21 periods−$23.95
Price spread−0.056% → −0.122% (7d avg)+$6.63
Slippage, 4 orderslive order books−$16.80
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$50.52
Costs to cover0.332%Break-evennever at this rate
Slippage: Coinbase International: live order book, 4 min ago; Popdex: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International4.1812.4 bp−$1215.3 bp−$153doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.695.3 bp−$522.4 bp−$224doesn’t fitdoesn’t fit
Closing costs about the same again.
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