Funding arb · Price arb / Crypto
TRUMP
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.1535 | +0.0096 | pay 0.0012% / 1h | 44m 04s | $66K | $311K | 20x | Long Popdex | |
| SHORT | 2.1524 | −0.0378 | pay 0.0047% / 1h | 44m 04s | $190K | $672K | 10x | Short Backpack |
Price gap−0.051%
Funding gap−0.0474% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.113% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21−0.0474% /8h now · paid +0.209% over the last 7D
Price−$11spread −0.051% now, avg +0.062% → −0.113% if it goes back
Costs−$440.441% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.209% in total, about +0.0101%/8h on average.
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−0.051%
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: Large against open interest13.4 / 9.1 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Backpack 10x. 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: −$14.22Long Popdex: 24 payments, −$2.88; short Backpack: 24 payments, −$11.34.
- Watch: Gap narrower than usual−0.051% vs +0.062%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$66K vs $190K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Backpack YesKYC (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+0.0101%/8h × 21 periods+$21.26
Price spread−0.051% → +0.062% (7d avg)−$11.27
Slippage, 4 orderslive order books−$27.66
Fee Popdex bp × 2 orders−$6.40
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$34.06
Costs to cover0.441%Break-even18.2 days
Slippage: Popdex: live order book, 15 min ago; Backpack: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.0213.4 bp−$13125.8 bp−$1,258doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.239.1 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex