Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5367 | −0.5000 | get 0.0625% / 1h | 35m 46s | $3K | $103K | 5x | Long Injective | |
| SHORT | 0.5369 | +0.0096 | get 0.0012% / 1h | 35m 46s | $98K | $507K | 20x | Short Popdex |
Price gap+0.035%
Funding gap+0.5096% /8h
Funding pays +$153 a day on $10k, but the gap is 0.372% under its 7d average: −$37 if it goes back, about 6 hours of funding. At the last 7 days' pace that is about 42 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$145+0.5096% /8h now · paid +1.453% over the last 7D
Price−$37spread +0.035% now, avg +0.407% → −0.372% if it goes back
Costsno datano order book for Injective
Result, before costs+$108+1.08%no pointscosts unknown: no order book for Injective · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.453% in total, about +0.0716%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.035%
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 · 2 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $500Injective 5x, 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: +$152.88Long Injective: 24 payments, +$150.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual+0.035% vs +0.407%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$3K vs $98K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legInjective No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0716%/8h × 21 periods+$150.34
Price spread+0.035% → +0.407% (7d avg)−$37.23
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k+$106.69
Costs to cover0.064%Break-even2.0 days
Slippage: Injective: no order-book sample; Popdex: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective—————
SELL · SHORTPopdex1.3011.9 bp−$1293.8 bp−$938doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective: no data.
Reya