Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5652 | +0.0240 | pay 0.0030% / 1h | 32m 23s | $80K | $233K | 50x | Long ApeX Omni5% off | |
| SHORT | 0.5684 | +0.0096 | get 0.0012% / 1h | 32m 23s | $83K | $511K | 20x | Short Popdex |
Price gap+0.566%57s
Funding gap−0.0144% /8h
The gap pays +$59 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 14 days. At the last 7 days' pace that is about years.
The two prices were read 57 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0144% /8h now · paid −0.005% over the last 6 days (all we have)
Price—spread +0.566%57s now · prices read too far apart to compare
Costs−$620.622% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.566%
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
/8hWLD on 39 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size16.3 / 15.3 bpAt $10k entering ApeX Omni costs 16.3 bp, fee and slippage, 1.1× Popdex’s.
- Note: Margin at max leverage$200 + $500ApeX Omni 50x, Popdex 20x. 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: −$4.32Long ApeX Omni: 24 payments, −$7.20; short Popdex: 24 payments, +$2.88.
- Watch: Prices read 57 s apart+0.566% vs −0.019%Part of this gap may be the market moving.
- Watch: Long leg is thinner$80K vs $83K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0003%/8h × 21 periods−$0.53
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$45.82
Fee ApeX Omni bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$62.75
price spread not counted: prices read too far apartCosts to cover0.622%Break-evennever at this rate
Slippage: ApeX Omni: live order book, 33 min ago; Popdex: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni8.2716.3 bp−$1697.0 bp−$970doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.7715.3 bp−$1599.0 bp−$990doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya