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 | 25m 45s | $112K | $209K | 50x | Long Popdex | |
| SHORT | 0.000004367 | +0.0174 | get 0.0022% / 1h | 25m 45s | $1K | $18.3M | 10x | Short Injective |
Price gap+1.558%46s
Funding gap+0.0078% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.650% above its 7d average: +$65 more if it goes back.
The two prices were read 46 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+$8+0.0078% /8h now · paid +0.080% over the last 5 days (all we have)
Price—spread +1.558%46s now · prices read too far apart to compare
Costs−$1081.084% 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
Injective price against Popdexnow
RANGE STATS · 7D
Now+1.558%
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 size16.0 / 37.8 bpAt $10k entering Injective costs 37.8 bp, fee and slippage, 2.4× Popdex’s.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, Injective 10x. 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: +$2.35Long Popdex: 24 payments, −$2.88; short Injective: 24 payments, +$5.23.
- Watch: Prices read 46 s apart+1.558% vs +0.908%Part of this gap may be the market moving.
- Watch: Short leg is thinner$1K vs $112K OIInjective 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 · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.67
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$102.01
Fee Popdex bp × 2 orders−$6.40
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k−$97.76
price spread not counted: prices read too far apartCosts to cover1.084%Break-even71.1 days
Slippage: Popdex: live order book, 6 min ago; Injective: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex4.5816.0 bp−$16143.6 bp−$1,436doesn’t fitdoesn’t fit
SELL · SHORTInjective37.8037.8 bp−$38doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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