Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.396 | +0.0096 | pay 0.0012% / 1h | 25m 21s | $220K | $347K | 50x | Long Popdex | |
| SHORT | 14.421 | +0.0112 | get 0.0014% / 1h | 25m 21s | $1.2M | $1.8M | 50x | Short Coinbase International |
Price gap+0.174%
Funding gap+0.0016% /8h
Both sides work: funding pays $0 a day on $10k, and the gap is 0.044% above its 7d average: +$4 more if it goes back.
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+$4spread +0.174% now, avg +0.130% → +0.044% if it goes back
Costs−$300.305% 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
Coinbase International price against Popdexnow
RANGE STATS · 7D
Now+0.174%
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 books4.8 / 10.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $200Popdex 50x, Coinbase International 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 Popdex: 24 payments, −$2.88; short Coinbase International: 24 payments, +$3.36.
- OK: Entry gap works for you+0.174% vs +0.130%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$220K vs $1.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Coinbase International YesID 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+0.0115%/8h × 21 periods+$24.09
Price spread+0.174% → +0.130% (7d avg)+$4.40
Slippage, 4 orderslive order books−$14.06
Fee Popdex bp × 2 orders−$6.40
Fee Coinbase International bp × 2 orders−$10.00
Net · 7 days · $10k−$1.97
Costs to cover0.305%Break-even7.6 days
Slippage: Popdex: live order book, 3 min ago; Coinbase International: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.694.8 bp−$527.1 bp−$271doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International4.5110.7 bp−$1115.1 bp−$151doesn’t fitdoesn’t fit
Closing costs about the same again.
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