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 | 43m 43s | $104K | $228K | 50x | Long Popdex | |
| SHORT | 0.000004208 | +0.0074 | get 0.0074% / 8h | 6h 43m | $439K | $1.0M | 50x | Short Variational Omni+15% pts |
Price gap+0.201%46s
Funding gap−0.0022% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.920% under its 7d average. Swap the legs.
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−$4−0.0022% /8h now · paid −0.044% over the last 5 days (all we have)
Price—spread +0.201%46s now · prices read too far apart to compare
Costs−$560.559% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds 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
Variational Omni price against Popdexnow
RANGE STATS · 7D
Now+0.201%
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 · 4 to watch- Watch: Thin at this size15.7 / 13.1 bpAt $10k entering Popdex costs 15.7 bp, fee and slippage, 1.2× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Popdex 50x, Variational Omni 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: −$0.65Long Popdex: 24 payments, −$2.88; short Variational Omni: 3 payments, +$2.23.
- Watch: Prices read 46 s apart+0.201% vs +1.121%Part of this gap may be the market moving.
- Watch: Long leg is thinner$104K vs $439K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0027%/8h × 21 periods−$5.77
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$49.50
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$61.67
price spread not counted: prices read too far apartCosts to cover0.559%Break-evennever at this rate
Slippage: Popdex: live order book, 39 min ago; Variational Omni: RFQ quote, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex4.7215.7 bp−$16155.0 bp−$1,550doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni5.9513.1 bp−$1315.5 bp−$155doesn’t fitdoesn’t fit
Closing costs about the same again.
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