Funding arb · Price arb / Crypto
TRUMP
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.1463 | −0.0099 | get 0.0012% / 1h | 20m 47s | $194K | $670K | 10x | Long Backpack | |
| SHORT | 2.1465 | +0.0096 | get 0.0012% / 1h | 20m 47s | $66K | $311K | 20x | Short Popdex |
Price gap+0.009%57s
Funding gap+0.0195% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.072% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21+0.0195% /8h now · paid −0.213% over the last 7D
Price—spread +0.009%57s now · prices read too far apart to compare
Costs−$470.471% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.009%
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
/8hTRUMP on 33 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size9.2 / 15.2 bpAt $10k entering Popdex costs 15.2 bp, fee and slippage, 1.7× Backpack’s.
- Note: Margin at max leverage$1,000 + $500Backpack 10x, Popdex 20x. 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: +$5.85Long Backpack: 24 payments, +$2.97; short Popdex: 24 payments, +$2.88.
- Watch: Prices read 57 s apart+0.009% vs −0.063%Part of this gap may be the market moving.
- Watch: Short leg is thinner$66K vs $194K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · Popdex NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0104%/8h × 21 periods−$21.76
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$30.73
Fee Backpack bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$68.88
price spread not counted: prices read too far apartCosts to cover0.471%Break-evennever at this rate
Slippage: Backpack: live order book, 45 min ago; Popdex: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.239.2 bp−$933.1 bp−$331doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.0315.2 bp−$15145.1 bp−$1,451doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex