Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004900 | +0.0352 | pay 0.0044% / 1h | 10m 39s | $998K | $816K | 50x | Long Popdex | |
| SHORT | 0.000004973 | +0.0726 | get 0.0091% / 1h | 10m 39s | $11K | $174K | 10x | Short Phoenix |
Price gap+1.490%59s
Funding gap+0.0374% /8h
Both sides work: funding pays +$11 a day on $10k, and the gap is 0.371% above its 7d average: +$37 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0374% /8h now · paid +0.083% over the last 7D
Price—spread +1.490%59s now · prices read too far apart to compare
Costs−$870.873% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.083% in total, about +0.0040%/8h on average.
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+1.490%
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 · 3 to watch- Watch: Thin at this size19.1 / 24.3 bpAt $10k entering Phoenix costs 24.3 bp, fee and slippage, 1.3× Popdex’s.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, Phoenix 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: +$11.23Long Popdex: 24 payments, −$10.56; short Phoenix: 24 payments, +$21.79.
- Watch: Prices read 59 s apart+1.490% vs +1.118%Part of this gap may be the market moving.
- Watch: Short leg is thinner$11K vs $998K OIPhoenix 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 · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0040%/8h × 21 periods+$8.34
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$73.93
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$78.99
price spread not counted: prices read too far apartCosts to cover0.873%Break-even73.3 days
Slippage: Popdex: live order book, 2 min ago; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex11.0519.1 bp−$1947.3 bp−$473doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.9824.3 bp−$2481.4 bp−$814doesn’t fitdoesn’t fit
Closing costs about the same again.
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