Funding arb · Price arb / Crypto
TRUMP
All TRUMP markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0656 | +0.0096 | pay 0.0012% / 1h | 40m 41s | $68K | $197K | 20x | Long Popdex | |
| SHORT | 2.0604 | +0.0050 | get 0.0025% / 4h | 3h 40m | $105K | $191K | 20x | Short edgeX |
Price gap−0.252%
Funding gap−0.0046% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.225% 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−$15−0.0046% /8h now · paid −0.146% over the last 6 days (all we have)
Price−$22spread −0.252% now, avg −0.027% → −0.225% if it goes back
Costs−$700.705% of $10k · taker + slippage, in and out
Result−$107−1.07%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
edgeX price against Popdexnow
RANGE STATS · 7D
Now−0.252%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTRUMP on 32 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size15.7 / 19.4 bpAt $10k entering edgeX costs 19.4 bp, fee and slippage, 1.2× Popdex’s.
- Note: Margin at max leverage$500 + $500Popdex 20x, edgeX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.38Long Popdex: 24 payments, −$2.88; short edgeX: 6 payments, +$1.50.
- Watch: Gap narrower than usual−0.252% vs −0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$68K vs $105K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0084%/8h × 21 periods−$17.57
Price spread−0.252% → −0.027% (7d avg)−$22.46
Slippage, 4 orderslive order books−$55.05
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$110.49
Costs to cover0.705%Break-evennever at this rate
Slippage: Popdex: live order book, 52 min ago; edgeX: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.4115.7 bp−$16147.3 bp−$1,473doesn’t fitdoesn’t fit
SELL · SHORTedgeX12.1919.4 bp−$1948.6 bp−$486doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex