Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004200 | +0.0096 | pay 0.0012% / 1h | 21m 57s | $108K | $229K | 50x | Long Popdex | |
| SHORT | 0.000004266 | +0.0100 | get 0.0013% / 1h | 21m 57s | $57K | $704K | 25x | Short ApeX Omni5% off |
Price gap+1.571%57s
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$37 on $10k if the gap goes back to its 7d average.
The two prices were read 57 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2+0.0004% /8h now · paid −0.016% over the last 5 days (all we have)
Price—spread +1.571%57s now · prices read too far apart to compare
Costs−$580.582% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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
ApeX Omni price against Popdexnow
RANGE STATS · 7D
Now+1.571%
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 size16.5 / 14.3 bpAt $10k entering Popdex costs 16.5 bp, fee and slippage, 1.2× ApeX Omni’s.
- Note: Margin at max leverage$200 + $400Popdex 50x, ApeX Omni 25x. 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: +$0.12Long Popdex: 24 payments, −$2.88; short ApeX Omni: 24 payments, +$3.00.
- Watch: Prices read 57 s apart+1.571% vs +1.201%Part of this gap may be the market moving.
- Watch: Short leg is thinner$57K vs $108K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · ApeX Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0010%/8h × 21 periods−$2.07
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$41.79
Fee Popdex bp × 2 orders−$6.40
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$60.27
price spread not counted: prices read too far apartCosts to cover0.582%Break-evennever at this rate
Slippage: Popdex: live order book, 46 min ago; ApeX Omni: live order book, 47 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex5.9116.5 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTApeX Omni5.6614.3 bp−$1483.5 bp−$835doesn’t fitdoesn’t fit
Closing costs about the same again.
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