Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5132 | +0.0181 | pay 0.0181% / 8h | 4h 58m | $5.2M | $1.9M | 75x | Long BloFin | |
| SHORT | 0.5112 | +0.0096 | get 0.0012% / 1h | 58m 33s | $85K | $301K | 20x | Short Popdex |
Price gap−0.390%
Funding gap−0.0084% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.360% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.0084% /8h now · paid −0.159% over the last 6 days (all we have)
Price−$36spread −0.390% now, avg −0.030% → −0.360% if it goes back
Costs−$520.517% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.390%
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
0 ok · 5 to watch- Watch: Thin at this size10.5 / 15.1 bpAt $10k entering Popdex costs 15.1 bp, fee and slippage, 1.4× BloFin’s.
- Note: Margin at max leverage$133 + $500BloFin 75x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.53Long BloFin: 3 payments, −$5.42; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.390% vs −0.030%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$85K vs $5.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · Popdex NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0087%/8h × 21 periods−$18.29
Price spread−0.390% → −0.030% (7d avg)−$36.01
Slippage, 4 orderslive order books−$33.27
Fee BloFin bp × 2 orders−$12.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$105.97
Costs to cover0.517%Break-evennever at this rate
Slippage: BloFin: live order book, 4 min ago; Popdex: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin2.9210.5 bp−$1013.0 bp−$13033.1 bp−$3,31589.1 bp−$44.6K
SELL · SHORTPopdex2.7215.1 bp−$15124.1 bp−$1,241doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya