Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 66.640 | +0.0096 | pay 0.0012% / 1h | 1m 14s | $117K | $178K | 50x | Long Popdex | |
| SHORT | 66.635 | −0.0039 | pay 0.0039% / 8h | 6h 01m | $4.5M | $1.1M | 50x | Short Variational Omni+15% pts |
Price gap−0.007%
Funding gap−0.0135% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 2.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.0135% /8h now · paid −0.343% over the last 7D
Price+$9spread −0.007% now, avg −0.102% → +0.095% if it goes back
Costs−$280.277% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.007%
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
/8hLTC on 38 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.6 / 7.1 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: −$4.05Long Popdex: 24 payments, −$2.88; short Variational Omni: 3 payments, −$1.17.
- OK: Entry gap works for you−0.007% vs −0.102%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$117K vs $4.5M 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−0.0180%/8h × 21 periods−$37.70
Price spread−0.007% → −0.102% (7d avg)+$9.49
Slippage, 4 orderslive order books−$21.26
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$55.87
Costs to cover0.277%Break-evennever at this rate
Slippage: Popdex: live order book, 31 min ago; Variational Omni: RFQ quote, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.496.6 bp−$731.0 bp−$310doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.467.1 bp−$710.8 bp−$108doesn’t fitdoesn’t fit
Closing costs about the same again.
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