Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.341 | +0.0096 | pay 0.0012% / 1h | 56m 58s | $226K | $494K | 50x | Long Popdex | |
| SHORT | 14.345 | +0.0056 | get 0.0056% / 8h | 1h 56m | $3.1M | $887K | 50x | Short Variational Omni+15% pts |
Price gap+0.029%45s
Funding gap−0.0040% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0040% /8h now · paid −0.098% over the last 7D
Price—spread +0.029%45s now · prices read too far apart to compare
Costs−$300.300% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together
Price and funding
1h · historyEntry / Exit
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+0.029%
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 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books8.4 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $200Popdex 50x, Variational Omni 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: −$1.20Long Popdex: 24 payments, −$2.88; short Variational Omni: 3 payments, +$1.68.
- Watch: Prices read 45 s apart+0.029% vs −0.025%Part of this gap may be the market moving.
- Watch: Long leg is thinner$226K vs $3.1M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0050%/8h × 21 periods−$10.51
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$23.64
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$40.55
price spread not counted: prices read too far apartCosts to cover0.300%Break-evennever at this rate
Slippage: Popdex: live order book, 43 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.398.4 bp−$846.3 bp−$463doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.077.5 bp−$812.0 bp−$120doesn’t fitdoesn’t fit
Closing costs about the same again.
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