Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004371 | L +0.0571S −0.0767 | pay 0.0071% / 1h | 11m 27s | $13K | $106K | 150x | Long gTrade (Gains Network) | |
| SHORT | 0.000004300 | +0.0096 | get 0.0012% / 1h | 11m 27s | $108K | $296K | 50x | Short Popdex |
Price gap−1.631%
Funding gap−0.0475% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.464% under its 7d average. Swap the legs.
Funding on this pair paid 0.190% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19−0.0475% /8h now · paid +0.190% over the last 7D
Price−$46spread −1.631% now, avg −1.167% → −0.464% if it goes back
Costs−$2962.965% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.190% in total, about +0.0100%/8h on average.
Price and funding
1h · loading 5m…Entry / ExitgTrade (Gains Network): thin, under $1M open interest · Popdex: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−1.631%
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
2 ok · 3 to watch- Watch: Thin at this size135.1 / 12.7 bpAt $10k entering gTrade (Gains Network) costs 135.1 bp, fee and slippage, 10.6× Popdex’s.
- Note: Margin at max leverage$67 + $200gTrade (Gains Network) 150x, 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: −$14.25Long gTrade (Gains Network): 24 payments, −$17.13; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−1.631% vs −1.167%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$13K vs $108K OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either leggTrade (Gains Network) No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0100%/8h × 21 periods+$21.01
Price spread−1.631% → −1.167% (7d avg)−$46.44
Slippage, 4 orderslive order books−$280.08
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$321.91
Costs to cover2.965%Break-even114.3 days
Slippage: gTrade (Gains Network): virtual book (oracle exchange), 26 min ago; Popdex: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGgTrade (Gains Network)130.10135.1 bp−$135455.3 bp−$4,5535149.6 bp−$515.0Kdoesn’t fit
SELL · SHORTPopdex4.6112.7 bp−$13153.1 bp−$1,531doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | kPEPERUSDPERP no longer reported ($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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