Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004214 | +0.0043 | pay 0.0043% / 8h | 5h 53m | $431K | $1.0M | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.000004200 | +0.0096 | get 0.0012% / 1h | 53m 34s | $106K | $229K | 50x | Short Popdex |
Price gap−0.334%
Funding gap+0.0053% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.774% above its 7d average: +$77 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0053% /8h now · paid +0.044% over the last 5 days (all we have)
Price+$77spread −0.334% now, avg −1.109% → +0.774% if it goes back
Costs−$620.622% of $10k · taker + slippage, in and out
Result+$20+0.20%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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
Popdex price against Variational Omninow
RANGE STATS · 7D
Now−0.334%
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
3 ok · 3 to watch- Watch: Thin at this size13.1 / 19.0 bpAt $10k entering Popdex costs 19.0 bp, fee and slippage, 1.5× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.59Long Variational Omni: 3 payments, −$1.29; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−0.334% vs −1.109%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$106K vs $431K 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 legVariational Omni No · Popdex 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+$5.74
Price spread−0.334% → −1.109% (7d avg)+$77.43
Slippage, 4 orderslive order books−$55.82
Fee Variational Omni bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$20.94
Costs to cover0.622%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, just now; Popdex: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni5.9413.1 bp−$1315.4 bp−$154doesn’t fitdoesn’t fit
SELL · SHORTPopdex7.1419.0 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 17:53 | Phoenix | Listing | Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kPEPE ($PEPE) seen by our collector |
| 09-23 09:30 | Phemex | Other | BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗ |
Phoenix
Phemex