Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004183 | +0.0104 | pay 0.0013% / 1h | 43m 01s | $433K | $80K | 25x | Long Extended10% off | |
| SHORT | 0.000004200 | +0.0096 | get 0.0012% / 1h | 43m 01s | $104K | $228K | 50x | Short Popdex |
Price gap+0.400%
Funding gap−0.0008% /8h
Funding is ≈ 0, so this is a price-spread trade: +$151 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+$6−0.0008% /8h now · paid +0.062% over the last 5 days (all we have)
Price+$151spread +0.400% now, avg −1.115% → +1.515% if it goes back
Costs−$500.503% of $10k · taker + slippage, in and out
Result+$107+1.07%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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 Extendednow
RANGE STATS · 7D
Now+0.400%
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
4 ok · 2 to watch- Watch: Thin at this size8.5 / 17.6 bpAt $10k entering Popdex costs 17.6 bp, fee and slippage, 2.1× Extended’s.
- Note: Margin at max leverage$400 + $200Extended 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: −$0.24Long Extended: 24 payments, −$3.12; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.400% vs −1.115%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$104K vs $433K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0038%/8h × 21 periods+$8.08
Price spread+0.400% → −1.115% (7d avg)+$151.49
Slippage, 4 orderslive order books−$38.89
Fee Extended bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$109.28
Costs to cover0.503%Break-evenfrom the start
Slippage: Extended: live order book, 39 min ago; Popdex: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended3.548.5 bp−$851.3 bp−$513doesn’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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