Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5170 | +0.0360 | pay 0.0045% / 1h | 14m 55s | $220K | $500K | 10x | Long Extended10% off | |
| SHORT | 0.5173 | +0.0096 | get 0.0012% / 1h | 14m 55s | $83K | $298K | 20x | Short Popdex |
Price gap+0.056%
Funding gap−0.0264% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 12 hours. At the last 7 days' pace that is about 26 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0264% /8h now · paid −0.216% over the last 6 days (all we have)
Price+$4spread +0.056% now, avg +0.017% → +0.039% if it goes back
Costs−$370.372% of $10k · taker + slippage, in and out
Result−$55−0.55%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.056%
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
4 ok · 2 to watch- Watch: Large against open interest4.4 / 13.7 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$1,000 + $500Extended 10x, 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: −$7.92Long Extended: 24 payments, −$10.80; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.056% vs +0.017%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$83K vs $220K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0119%/8h × 21 periods−$25.08
Price spread+0.056% → +0.017% (7d avg)+$3.94
Slippage, 4 orderslive order books−$25.84
Fee Extended bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$58.38
Costs to cover0.372%Break-evennever at this rate
Slippage: Extended: live order book, 6 min ago; Popdex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended1.934.4 bp−$417.4 bp−$174doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.2513.7 bp−$14114.5 bp−$1,145doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya