Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.60 | +0.0096 | pay 0.0012% / 1h | 30m 15s | $593K | $1.6M | 100x | Long Popdex | |
| SHORT | 119.80 | +0.0292 | get 0.0037% / 1h | 30m 15s | $7.9M | $24.7M | 25x | Short Phoenix |
Price gap+0.165%59s
Funding gap+0.0196% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.057% above its 7d average: +$6 more if it goes back.
The two prices were read 59 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+$26+0.0196% /8h now · paid +0.264% over the last 7D
Price—spread +0.165%59s now · prices read too far apart to compare
Costs−$170.170% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest
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+0.165%
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 books5.4 / 3.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $400Popdex 100x, Phoenix 25x. 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: +$5.89Long Popdex: 24 payments, −$2.88; short Phoenix: 24 payments, +$8.77.
- Watch: Prices read 59 s apart+0.165% vs +0.107%Part of this gap may be the market moving.
- Watch: Long leg is thinner$593K vs $7.9M OIPopdex 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+0.0138%/8h × 21 periods+$29.06
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$3.60
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$12.05
price spread not counted: prices read too far apartCosts to cover0.170%Break-even4.1 days
Slippage: Popdex: live order book, 3 min ago; Phoenix: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.595.4 bp−$55.6 bp−$56doesn’t fitdoesn’t fit
SELL · SHORTPhoenix0.423.9 bp−$43.9 bp−$3914.3 bp−$1,431doesn’t fit
Closing costs about the same again.
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