Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2416 | +0.0100 | pay 0.0050% / 4h | 3h 46m | $1.7M | $1.8M | 50x | Long Phemex | |
| SHORT | 0.2414 | +0.0096 | get 0.0012% / 1h | 46m 36s | $51K | $149K | 20x | Short Popdex |
Price gap−0.083%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.086% under its 7d average: the price leg works against you, −$9 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0004% /8h now · paid −0.010% over the last 7D
Price−$9spread −0.083% now, avg +0.003% → −0.086% if it goes back
Costs−$2612.609% of $10k · taker + slippage, in and out
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 Phemexnow
RANGE STATS · 7D
Now−0.083%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWIF on 32 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size50.3 / 68.1 bpAt $10k entering Popdex costs 68.1 bp, fee and slippage, 1.4× Phemex’s.
- Note: Margin at max leverage$200 + $500Phemex 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 Phemex: 6 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.083% vs +0.003%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$51K vs $1.7M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Popdex NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0005%/8h × 21 periods−$0.96
Price spread−0.083% → +0.003% (7d avg)−$8.59
Slippage, 4 orderslive order books−$242.53
Fee Phemex bp × 2 orders−$12.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$270.48
Costs to cover2.609%Break-evennever at this rate
Slippage: Phemex: live order book, 2 min ago; Popdex: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex8.2850.3 bp−$50doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex6.2268.1 bp−$68doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |


ApeX Omni