Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5048 | +0.0096 | pay 0.0012% / 1h | 23m 51s | $61K | $404K | 20x | Long Popdex | |
| SHORT | 0.5052 | +0.0100 | get 0.0013% / 1h | 23m 51s | $61.6M | $39.0M | 10x | Short Hyperliquid4% off |
Price gap+0.089%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$29+0.0004% /8h now · paid +0.287% over the last 7D
Price+$3spread +0.089% now, avg +0.064% → +0.025% if it goes back
Costs−$450.450% of $10k · taker + slippage, in and out
Result−$14−0.14%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.089%
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 41 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest13.6 / 5.3 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Hyperliquid 10x. 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: +$0.12Long Popdex: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.089% vs +0.064%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$61K vs $61.6M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0142%/8h × 21 periods+$29.84
Price spread+0.089% → +0.064% (7d avg)+$2.52
Slippage, 4 orderslive order books−$29.56
Fee Popdex bp × 2 orders−$6.40
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$12.60
Costs to cover0.450%Break-even10.0 days
Slippage: Popdex: live order book, 56 min ago; Hyperliquid: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.9913.6 bp−$14131.2 bp−$1,312doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.605.3 bp−$510.0 bp−$10043.0 bp−$4,303doesn’t fit
Closing costs about the same again.
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| 09-24 19:59 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |
OKX
Bullet
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