Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004243 | +0.0100 | pay 0.0013% / 1h | 31m 33s | $59K | $705K | 25x | Long ApeX Omni5% off | |
| SHORT | 0.000004200 | +0.0096 | get 0.0012% / 1h | 31m 33s | $108K | $229K | 50x | Short Popdex |
Price gap−1.013%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$18 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+$2−0.0004% /8h now · paid +0.016% over the last 6 days (all we have)
Price+$18spread −1.013% now, avg −1.190% → +0.177% if it goes back
Costs−$490.494% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Popdex price against ApeX Omninow
RANGE STATS · 7D
Now−1.013%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPEPE on 36 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest13.5 / 11.5 bp$10k is over 10% of ApeX Omni’s open interest.
- Note: Margin at max leverage$400 + $200ApeX Omni 25x, Popdex 50x. 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 ApeX Omni: 24 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−1.013% vs −1.190%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$59K vs $108K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0010%/8h × 21 periods+$2.05
Price spread−1.013% → −1.190% (7d avg)+$17.65
Slippage, 4 orderslive order books−$32.98
Fee ApeX Omni bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$29.68
Costs to cover0.494%Break-even108.1 days
Slippage: ApeX Omni: live order book, 32 min ago; Popdex: live order book, 31 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni5.8613.5 bp−$1367.6 bp−$676doesn’t fitdoesn’t fit
SELL · SHORTPopdex7.0411.5 bp−$1159.0 bp−$590doesn’t fitdoesn’t fit
Closing costs about the same again.
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