Funding arb · Price arb / Crypto
TRUMP
All TRUMP markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.1450 | +0.0096 | pay 0.0012% / 1h | 3m 42s | $66K | $311K | 20x | Long Popdex | |
| SHORT | 2.1455 | +0.0100 | get 0.0013% / 1h | 3m 42s | $11.8M | $8.4M | 10x | Short Hyperliquid4% off |
Price gap+0.023%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5+0.0004% /8h now · paid −0.053% over the last 7D
Price−$2spread +0.023% now, avg +0.042% → −0.018% if it goes back
Costs−$470.467% of $10k · taker + slippage, in and out
Result−$54−0.54%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.023%
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 · 2 to watch- Watch: Large against open interest14.1 / 7.7 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Hyperliquid 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: +$0.12Long Popdex: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
- Note: Gap at its usual level+0.023% vs +0.042%The price leg adds little either way.
- Watch: Long leg is thinner$66K vs $11.8M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0026%/8h × 21 periods−$5.45
Price spread+0.023% → +0.042% (7d avg)−$1.85
Slippage, 4 orderslive order books−$31.28
Fee Popdex bp × 2 orders−$6.40
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$53.97
Costs to cover0.467%Break-evennever at this rate
Slippage: Popdex: live order book, 65 min ago; Hyperliquid: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.7614.1 bp−$14145.8 bp−$1,458doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid1.167.7 bp−$814.0 bp−$14047.4 bp−$4,739doesn’t fit
Closing costs about the same again.
Reya
Phemex