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 39s | $108K | $229K | 50x | Long Popdex | |
| SHORT | 0.000004262 | −0.0009 | pay 0.0009% / 8h | 3h 23m | $67.4M | $71.4M | 50x | Short Bybit |
Price gap+1.476%
Funding gap−0.0105% /8h
The gap pays +$32 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 10 days. At the last 7 days' pace that is about 29 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0105% /8h now · paid −0.060% over the last 5 days (all we have)
Price+$32spread +1.476% now, avg +1.160% → +0.316% if it goes back
Costs−$450.446% of $10k · taker + slippage, in and out
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
Bybit price against Popdexnow
RANGE STATS · 7D
Now+1.476%
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
1 ok · 4 to watch- Watch: Thin at this size16.5 / 8.1 bpAt $10k entering Popdex costs 16.5 bp, fee and slippage, 2.0× Bybit’s.
- Note: Margin at max leverage$200 + $200Popdex 50x, Bybit 50x. 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: −$3.15Long Popdex: 24 payments, −$2.88; short Bybit: 3 payments, −$0.27.
- OK: Entry gap works for you+1.476% vs +1.160%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$108K vs $67.4M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.61
Price spread+1.476% → +1.160% (7d avg)+$31.59
Slippage, 4 orderslive order books−$27.20
Fee Popdex bp × 2 orders−$6.40
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$20.63
Costs to cover0.446%Break-evennever at this rate
Slippage: Popdex: live order book, 44 min ago; Bybit: 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 · SHORTBybit1.188.1 bp−$811.3 bp−$11328.2 bp−$2,823doesn’t fit
Closing costs about the same again.
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