Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4928 | −0.0216 | get 0.0027% / 1h | 33m 17s | $324K | $506K | 50x | Long Coinbase International | |
| SHORT | 0.4931 | +0.0096 | get 0.0012% / 1h | 33m 17s | $77K | $281K | 20x | Short Popdex |
Price gap+0.061%
Funding gap+0.0312% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.262% above its 7d average: +$26 more if it goes back.
Funding on this pair cost 0.849% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$85+0.0312% /8h now · paid −0.849% over the last 6 days (all we have)
Price+$26spread +0.061% now, avg −0.201% → +0.262% if it goes back
Costs−$650.653% 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 Coinbase Internationalnow
RANGE STATS · 7D
Now+0.061%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWLD on 38 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size19.1 / 17.8 bpAt $10k entering Coinbase International costs 19.1 bp, fee and slippage, 1.1× Popdex’s.
- Note: Margin at max leverage$200 + $500Coinbase International 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: +$9.36Long Coinbase International: 24 payments, +$6.48; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.061% vs −0.201%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$77K vs $324K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Popdex NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0494%/8h × 21 periods−$103.75
Price spread+0.061% → −0.201% (7d avg)+$26.22
Slippage, 4 orderslive order books−$48.89
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$142.82
Costs to cover0.653%Break-evennever at this rate
Slippage: Coinbase International: live order book, just now; Popdex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International6.0819.1 bp−$1929.2 bp−$292doesn’t fitdoesn’t fit
SELL · SHORTPopdex4.9617.8 bp−$18158.4 bp−$1,584doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya