Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004334 | 0 | 0.0000% / 1h | 48m 10s | $18K | $87K | 25x | Long Deribit | |
| SHORT | 0.000004300 | +0.0096 | get 0.0012% / 1h | 48m 10s | $110K | $212K | 50x | Short Popdex |
Price gap−0.784%
Funding gap+0.0096% /8h
Funding pays +$3 a day on $10k, but the gap is 0.784% under zero (no 7-day history yet): −$78 if it goes back, about 27 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—+0.0096% /8h now · no funding history yet
Price—spread −0.784% now · no price history on both exchanges yet
Costsno datano order book for Deribit
Result, before costs—no pointsneeds funding history
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.784%
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
/8hPEPE on 36 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for Deribit: its slippage is not counted.
- Note: Margin at max leverage$400 + $200Deribit 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: +$2.88Long Deribit: 24 payments, $0.00; short Popdex: 24 payments, +$2.88.
- Note: No 7-day spread history−0.784%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$18K vs $110K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCDeribit Yes · Popdex NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$20.16
Price spread−0.784% → 0−$78.45
Slippage, 4 ordersno data for Deribit—
Fee Deribit bp × 2 orders−$7.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k−$71.69
Costs to cover0.134%Break-even31.9 days
Slippage: Deribit: no order-book sample; Popdex: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit—————
SELL · SHORTPopdex10.3516.5 bp−$17doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Deribit: no data.
| 09-30 01:05 | Reya | Listing | kPEPERUSDPERP no longer reported ($PEPE) seen by our collector |
| 09-28 17:53 | Phoenix | Listing | Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kPEPE ($PEPE) seen by our collector |
| 09-23 09:30 | Phemex | Other | BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗ |


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