Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4867 | +0.0100 | pay 0.0050% / 4h | 25m 31s | $21K | $354K | 20x | Long edgeX | |
| SHORT | 0.4879 | +0.0096 | get 0.0012% / 1h | 25m 31s | $77K | $263K | 20x | Short Popdex |
Price gap+0.247%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$25 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0004% /8h now · paid −0.006% over the last 6 days (all we have)
Price+$25spread +0.247% now, avg −0.003% → +0.250% if it goes back
Costs−$450.447% of $10k · taker + slippage, in and out
Result−$20−0.20%+ Points / potential airdropedgeX: 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 edgeXnow
RANGE STATS · 7D
Now+0.247%
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
3 ok · 3 to watch- Watch: Large against open interest8.6 / 13.8 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $500edgeX 20x, 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 edgeX: 6 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.247% vs −0.003%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$21K vs $77K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX 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−$0.68
Price spread+0.247% → −0.003% (7d avg)+$24.98
Slippage, 4 orderslive order books−$29.30
Fee edgeX bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$20.39
Costs to cover0.447%Break-evennever at this rate
Slippage: edgeX: live order book, 8 min ago; Popdex: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX4.108.6 bp−$918.3 bp−$183doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.4313.8 bp−$14134.5 bp−$1,345doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya