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 | 47m 42s | $110K | $157K | 50x | Long Popdex | |
| SHORT | 0.000004382 | −0.0054 | pay 0.0054% / 8h | 5h 47m | $20K | $108K | 20x | Short Orderly |
Price gap+1.914%
Funding gap−0.0150% /8h
The gap pays +$84 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 19 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.0150% /8h now · paid −0.161% over the last 7D
Price+$84spread +1.914% now, avg +1.078% → +0.836% if it goes back
Costsno datano order book for Orderly
Result, before costs+$67+0.67%no pointscosts unknown: no order book for Orderly · What 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+1.914%
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
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$200 + $500Popdex 50x, Orderly 20x. 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: −$4.50Long Popdex: 24 payments, −$2.88; short Orderly: 3 payments, −$1.62.
- OK: Entry gap works for you+1.914% vs +1.078%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$20K vs $110K OIOrderly 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 · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0077%/8h × 21 periods−$16.10
Price spread+1.914% → +1.078% (7d avg)+$83.57
Slippage, 4 ordersno data for Orderly—
Fee Popdex bp × 2 orders−$6.40
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k+$55.07
Costs to cover0.124%Break-evenfrom the start
Slippage: Popdex: live order book, 4 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex6.8216.4 bp−$1652.1 bp−$521doesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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