Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5096 | +0.0096 | pay 0.0012% / 1h | 28m 59s | $63K | $346K | 20x | Long Popdex | |
| SHORT | 0.5100 | +0.2316 | get 0.0290% / 1h | 28m 59s | $282K | $73K | 5x | Short dYdX |
Price gap+0.078%
Funding gap+0.2220% /8h
Both sides work: funding pays +$67 a day on $10k, and the gap is 0.085% above its 7d average: +$9 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$413+0.2220% /8h now · paid +4.128% over the last 7D
Price+$9spread +0.078% now, avg −0.007% → +0.085% if it goes back
Costs−$3283.282% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · dYdX: 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+0.078%
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
/8hONDO on 40 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size14.9 / 224.8 bpAt $10k entering dYdX costs 224.8 bp, fee and slippage, 15.1× Popdex’s.
- Note: Margin at max leverage$500 + $2,000Popdex 20x, dYdX 5x. 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: +$66.60Long Popdex: 24 payments, −$2.88; short dYdX: 24 payments, +$69.48.
- OK: Entry gap works for you+0.078% vs −0.007%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$63K vs $282K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · dYdX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.2165%/8h × 21 periods+$454.71
Price spread+0.078% → −0.007% (7d avg)+$8.53
Slippage, 4 orderslive order books−$311.82
Fee Popdex bp × 2 orders−$6.40
Fee dYdX bp × 2 orders−$10.00
Net · 7 days · $10k+$135.02
Costs to cover3.282%Break-even4.9 days
Slippage: Popdex: live order book, 3 min ago; dYdX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.9814.9 bp−$15127.3 bp−$1,273doesn’t fitdoesn’t fit
SELL · SHORTdYdX67.06224.8 bp−$225307.8 bp−$3,078332.0 bp−$33.2K676.0 bp−$338.0K
Closing costs about the same again.
| 09-30 10:22 | Bullet | Listing | By popular demand, $ONDO perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
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