Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004376 | −0.0040 | get 0.0040% / 8h | 4h 51m | $20K | $105K | 20x | Long Orderly | |
| SHORT | 0.000004300 | +0.0096 | get 0.0012% / 1h | 51m 34s | $110K | $155K | 50x | Short Popdex |
Price gap−1.732%
Funding gap+0.0136% /8h
Funding pays +$4 a day on $10k, but the gap is 0.664% under its 7d average: −$66 if it goes back, about 16 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0136% /8h now · paid +0.161% over the last 7D
Price−$66spread −1.732% now, avg −1.068% → −0.664% if it goes back
Costsno datano order book for Orderly
Result, before costs−$50−0.50%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
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−1.732%
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 39 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$500 + $200Orderly 20x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.08Long Orderly: 3 payments, +$1.20; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−1.732% vs −1.068%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$20K vs $110K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legOrderly No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0077%/8h × 21 periods+$16.10
Price spread−1.732% → −1.068% (7d avg)−$66.44
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k−$62.74
Costs to cover0.124%Break-even34.3 days
Slippage: Orderly: no order-book sample; Popdex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTPopdex3.428.5 bp−$928.9 bp−$289doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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