Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.404 | +0.0096 | pay 0.0012% / 1h | 29m 44s | $226K | $477K | 50x | Long Popdex | |
| SHORT | 14.423 | +0.0765 | get 0.0765% / 8h | 6h 29m | $20.9M | $9.0M | 50x | Short Phemex |
Price gap+0.132%
Funding gap+0.0669% /8h
Funding trade: +$20 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$66+0.0669% /8h now · paid +0.660% over the last 7D
Price$0spread +0.132% now, avg +0.128% → +0.004% if it goes back
Costs−$320.318% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.132%
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
/8hLINK on 40 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- OK: Fits both order books5.8 / 10.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $200Popdex 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$20.08Long Popdex: 24 payments, −$2.88; short Phemex: 3 payments, +$22.96.
- Note: Gap at its usual level+0.132% vs +0.128%The price leg adds little either way.
- Watch: Long leg is thinner$226K vs $20.9M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0346%/8h × 21 periods+$72.75
Price spread+0.132% → +0.128% (7d avg)+$0.39
Slippage, 4 orderslive order books−$13.45
Fee Popdex bp × 2 orders−$6.40
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k+$41.29
Costs to cover0.318%Break-even3.0 days
Slippage: Popdex: live order book, 4 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.045.8 bp−$634.4 bp−$344doesn’t fitdoesn’t fit
SELL · SHORTPhemex1.0410.5 bp−$1014.3 bp−$14340.6 bp−$4,06092.9 bp−$46.4K
Closing costs about the same again.
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