Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004206 | +0.0100 | pay 0.0013% / 1h | 44m 09s | $95K | $118K | 15x | Long Backpack | |
| SHORT | 0.000004200 | +0.0096 | get 0.0012% / 1h | 44m 09s | $104K | $228K | 50x | Short Popdex |
Price gap−0.138%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$100 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+$6−0.0004% /8h now · paid +0.059% over the last 5 days (all we have)
Price+$100spread −0.138% now, avg −1.134% → +0.996% if it goes back
Costs−$460.463% 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 Backpacknow
RANGE STATS · 7D
Now−0.138%
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
2 ok · 3 to watch- Watch: Thin at this size5.5 / 17.6 bpAt $10k entering Popdex costs 17.6 bp, fee and slippage, 3.2× Backpack’s.
- Note: Margin at max leverage$667 + $200Backpack 15x, 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 Backpack: 24 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−0.138% vs −1.134%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$95K vs $104K OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · Popdex NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0037%/8h × 21 periods+$7.74
Price spread−0.138% → −1.134% (7d avg)+$99.63
Slippage, 4 orderslive order books−$29.88
Fee Backpack bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$61.09
Costs to cover0.463%Break-evenfrom the start
Slippage: Backpack: live order book, 39 min ago; Popdex: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.125.5 bp−$529.1 bp−$291doesn’t fitdoesn’t fit
SELL · SHORTPopdex4.7217.6 bp−$18179.6 bp−$1,796doesn’t fitdoesn’t fit
Closing costs about the same again.
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