Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5063 | +0.0096 | pay 0.0012% / 1h | 28m 35s | $61K | $404K | 20x | Long Popdex | |
| SHORT | 0.5025 | −0.0063 | pay 0.0008% / 1h | 28m 35s | $43K | $211K | 10x | Short Phoenix |
Price gap−0.756%59s
Funding gap−0.0159% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.844% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0159% /8h now · paid −0.005% over the last 7D
Price—spread −0.756%59s now · prices read too far apart to compare
Costs−$680.680% of $10k · taker + slippage, in and out
Result—no pointsneeds 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−0.756%
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
2 ok · 3 to watch- Watch: Thin at this size13.6 / 19.7 bpAt $10k entering Phoenix costs 19.7 bp, fee and slippage, 1.4× Popdex’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Phoenix 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: −$4.78Long Popdex: 24 payments, −$2.88; short Phoenix: 24 payments, −$1.90.
- Watch: Prices read 59 s apart−0.756% vs +0.088%Part of this gap may be the market moving.
- Watch: Short leg is thinner$43K vs $61K OIPhoenix 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 · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0002%/8h × 21 periods−$0.50
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$54.59
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$68.49
price spread not counted: prices read too far apartCosts to cover0.680%Break-evennever at this rate
Slippage: Popdex: live order book, 51 min ago; Phoenix: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.9913.6 bp−$14131.2 bp−$1,312doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9619.7 bp−$2069.4 bp−$694doesn’t fitdoesn’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 ↗ |


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