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 | 23m 51s | $108K | $229K | 50x | Long Popdex | |
| SHORT | 0.000004262 | +0.0100 | get 0.0100% / 8h | 3h 23m | $37.2M | $29.2M | 75x | Short Bitget |
Price gap+1.486%45s
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$28 on $10k if the gap goes back to its 7d average.
The two prices were read 45 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 −0.021% over the last 5 days (all we have)
Price—spread +1.486%45s now · prices read too far apart to compare
Costs−$490.486% 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
Bitget price against Popdexnow
RANGE STATS · 7D
Now+1.486%
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
0 ok · 5 to watch- Watch: Thin at this size16.5 / 9.3 bpAt $10k entering Popdex costs 16.5 bp, fee and slippage, 1.8× Bitget’s.
- Note: Margin at max leverage$200 + $133Popdex 50x, Bitget 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short Bitget: 3 payments, +$3.00.
- Watch: Prices read 45 s apart+1.486% vs +1.208%Part of this gap may be the market moving.
- Watch: Long leg is thinner$108K vs $37.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0013%/8h × 21 periods−$2.69
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$30.18
Fee Popdex bp × 2 orders−$6.40
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$51.27
price spread not counted: prices read too far apartCosts to cover0.486%Break-evennever at this rate
Slippage: Popdex: live order book, 44 min ago; Bitget: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex5.9116.5 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBitget0.709.3 bp−$914.5 bp−$145doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |
Phoenix
Phemex