Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004201 | +0.0176 | pay 0.0022% / 1h | 43m 03s | $339K | $2.8M | 50x | Long Coinbase International | |
| SHORT | 0.000004200 | +0.0096 | get 0.0012% / 1h | 43m 03s | $104K | $228K | 50x | Short Popdex |
Price gap−0.024%
Funding gap−0.0080% /8h
The gap pays +$117 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 49 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0080% /8h now · paid −0.079% over the last 5 days (all we have)
Price+$117spread −0.024% now, avg −1.198% → +1.174% if it goes back
Costs−$550.553% 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 Coinbase Internationalnow
RANGE STATS · 7D
Now−0.024%
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 size8.6 / 17.6 bpAt $10k entering Popdex costs 17.6 bp, fee and slippage, 2.1× Coinbase International’s.
- Note: Margin at max leverage$200 + $200Coinbase International 50x, 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: −$2.40Long Coinbase International: 24 payments, −$5.28; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−0.024% vs −1.198%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$104K vs $339K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Popdex NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0049%/8h × 21 periods−$10.35
Price spread−0.024% → −1.198% (7d avg)+$117.40
Slippage, 4 orderslive order books−$38.86
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$51.80
Costs to cover0.553%Break-evenfrom the start
Slippage: Coinbase International: live order book, 1 min ago; Popdex: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International3.578.6 bp−$911.9 bp−$11956.4 bp−$5,638doesn’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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