Funding arb · Price arb / Crypto
TRUMP
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0455 | +0.0100 | pay 0.0050% / 4h | 3h 06m | $561K | $171K | 50x | Long Variational Omni+15% pts | |
| SHORT | 2.0435 | +0.0096 | get 0.0012% / 1h | 6m 51s | $71K | $197K | 20x | Short Popdex |
Price gap−0.099%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.116% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.0004% /8h now · paid +0.105% over the last 6 days (all we have)
Price−$12spread −0.099% now, avg +0.017% → −0.116% if it goes back
Costs−$510.509% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropVariational Omni: 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
Popdex price against Variational Omninow
RANGE STATS · 7D
Now−0.099%
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: Large against open interest8.9 / 13.9 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$200 + $500Variational Omni 50x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long Variational Omni: 6 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.099% vs +0.017%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$71K vs $561K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0058%/8h × 21 periods+$12.25
Price spread−0.099% → +0.017% (7d avg)−$11.62
Slippage, 4 orderslive order books−$44.49
Fee Variational Omni bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$50.26
Costs to cover0.509%Break-even35.7 days
Slippage: Variational Omni: RFQ quote, 2 min ago; Popdex: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni5.198.9 bp−$912.6 bp−$126doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.1813.9 bp−$14121.0 bp−$1,210doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya
Phemex