Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.61 | +0.0096 | pay 0.0012% / 1h | 46m 02s | $573K | $1.3M | 100x | Long Popdex | |
| SHORT | 119.72 | +0.1912 | get 0.0239% / 1h | 46m 02s | $7.2M | $303.9M | 50x | Short Coinbase International |
Price gap+0.086%
Funding gap+0.1816% /8h
Both sides work: funding pays +$54 a day on $10k, and the gap is 0.030% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4+0.1816% /8h now · paid −0.038% over the last 6 days (all we have)
Price+$3spread +0.086% now, avg +0.056% → +0.030% if it goes back
Costs−$330.330% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 6 days it paid −0.038% in total, about −0.0020%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.086%
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
/8hSOL on 56 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books3.7 / 5.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $200Popdex 100x, Coinbase International 50x. 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: +$54.48Long Popdex: 24 payments, −$2.88; short Coinbase International: 24 payments, +$57.36.
- OK: Entry gap works for you+0.086% vs +0.056%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$573K vs $7.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Coinbase International YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0020%/8h × 21 periods−$4.29
Price spread+0.086% → +0.056% (7d avg)+$2.99
Slippage, 4 orderslive order books−$18.61
Fee Popdex bp × 2 orders−$6.40
Fee Coinbase International bp × 2 orders−$8.00
Net · 7 days · $10k−$34.31
Costs to cover0.330%Break-evennever at this rate
Slippage: Popdex: live order book, 2 min ago; Coinbase International: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.543.7 bp−$44.1 bp−$41doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International1.555.5 bp−$614.4 bp−$144104.2 bp−$10.4Kdoesn’t fit
Closing costs about the same again.
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