Funding arb · Price arb / Crypto
TRUMP
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0775 | +0.0096 | pay 0.0012% / 1h | 3m 42s | $68K | $180K | 20x | Long Popdex | |
| SHORT | 2.0809 | +0.0100 | get 0.0050% / 4h | 3h 03m | $169K | $3.9M | 10x | Short GRVT |
Price gap+0.166%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$15 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−$14+0.0004% /8h now · paid −0.138% over the last 7D
Price+$15spread +0.166% now, avg +0.018% → +0.148% if it goes back
Costs−$600.601% of $10k · taker + slippage, in and out
Result−$59−0.59%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · GRVT: 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+0.166%
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
3 ok · 3 to watch- Watch: Thin at this size17.2 / 12.2 bpAt $10k entering Popdex costs 17.2 bp, fee and slippage, 1.4× GRVT’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, GRVT 10x. 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: +$0.12Long Popdex: 24 payments, −$2.88; short GRVT: 6 payments, +$3.00.
- OK: Entry gap works for you+0.166% vs +0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$68K vs $169K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0073%/8h × 21 periods−$15.28
Price spread+0.166% → +0.018% (7d avg)+$14.77
Slippage, 4 orderslive order books−$44.66
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$60.57
Costs to cover0.601%Break-evennever at this rate
Slippage: Popdex: live order book, 33 min ago; GRVT: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.3517.2 bp−$17148.1 bp−$1,481doesn’t fitdoesn’t fit
SELL · SHORTGRVT2.4012.2 bp−$1227.2 bp−$272doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex