Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004300 | +0.0096 | pay 0.0012% / 1h | 7m 35s | $111K | $151K | 50x | Long Popdex | |
| SHORT | 0.000004358 | +0.0100 | get 0.0100% / 8h | 4h 07m | $1.0M | $2.2M | 10x | Short GRVT |
Price gap+1.344%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$19 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0004% /8h now · paid 0.000% over the last 7D
Price+$19spread +1.344% now, avg +1.151% → +0.193% if it goes back
Costs−$410.410% of $10k · taker + slippage, in and out
Result−$22−0.22%+ Points / potential airdropGRVT: points · farm boardWhat 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+1.344%
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
4 ok · 2 to watch- OK: Fits both order books13.5 / 8.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, GRVT 10x. 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 GRVT: 3 payments, +$3.00.
- OK: Entry gap works for you+1.344% vs +1.151%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$111K vs $1.0M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods−$0.01
Price spread+1.344% → +1.151% (7d avg)+$19.33
Slippage, 4 orderslive order books−$25.65
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$21.72
Costs to cover0.410%Break-evennever at this rate
Slippage: Popdex: live order book, 39 min ago; GRVT: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.4213.5 bp−$1344.2 bp−$442doesn’t fitdoesn’t fit
SELL · SHORTGRVT2.528.9 bp−$913.9 bp−$139doesn’t fitdoesn’t fit
Closing costs about the same again.
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