Funding arb · Price arb / Crypto
TRUMP
All TRUMP markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0889 | +0.0104 | pay 0.0013% / 1h | 58m 10s | $82K | $950K | 25x | Long Extended10% off | |
| SHORT | 2.0905 | +0.0096 | get 0.0012% / 1h | 58m 10s | $68K | $190K | 20x | Short Popdex |
Price gap+0.076%
Funding gap−0.0008% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$12−0.0008% /8h now · paid +0.121% over the last 6 days (all we have)
Price+$5spread +0.076% now, avg +0.029% → +0.047% if it goes back
Costs−$580.584% of $10k · taker + slippage, in and out
Result−$42−0.42%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.076%
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
4 ok · 2 to watch- Watch: Thin at this size10.2 / 19.4 bpAt $10k entering Popdex costs 19.4 bp, fee and slippage, 1.9× Extended’s.
- Note: Margin at max leverage$400 + $500Extended 25x, 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: −$0.24Long Extended: 24 payments, −$3.12; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.076% vs +0.029%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$68K vs $82K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0064%/8h × 21 periods+$13.49
Price spread+0.076% → +0.029% (7d avg)+$4.68
Slippage, 4 orderslive order books−$46.96
Fee Extended bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$40.19
Costs to cover0.584%Break-even27.8 days
Slippage: Extended: live order book, 58 min ago; Popdex: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended7.2210.2 bp−$1034.4 bp−$344doesn’t fitdoesn’t fit
SELL · SHORTPopdex6.0019.4 bp−$19194.1 bp−$1,941doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex