Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4891 | +0.0096 | pay 0.0012% / 1h | 47m 55s | $77K | $264K | 20x | Long Popdex | |
| SHORT | 0.4885 | −0.0152 | pay 0.0019% / 1h | 47m 55s | $321K | $491K | 50x | Short Coinbase International |
Price gap−0.123%
Funding gap−0.0248% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.323% under its 7d average. Swap the legs.
Funding on this pair paid 0.846% 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+$85−0.0248% /8h now · paid +0.846% over the last 6 days (all we have)
Price−$32spread −0.123% now, avg +0.201% → −0.323% 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
Coinbase International price against Popdexnow
RANGE STATS · 7D
Now−0.123%
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
1 ok · 4 to watch- Watch: Thin at this size17.3 / 11.1 bpAt $10k entering Popdex costs 17.3 bp, fee and slippage, 1.6× Coinbase International’s.
- Note: Margin at max leverage$500 + $200Popdex 20x, Coinbase International 50x. 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: −$7.44Long Popdex: 24 payments, −$2.88; short Coinbase International: 24 payments, −$4.56.
- Watch: Gap narrower than usual−0.123% vs +0.201%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$77K vs $321K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Coinbase International YesID 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+0.0490%/8h × 21 periods+$102.81
Price spread−0.123% → +0.201% (7d avg)−$32.34
Slippage, 4 orderslive order books−$48.89
Fee Popdex bp × 2 orders−$6.40
Fee Coinbase International bp × 2 orders−$10.00
Net · 7 days · $10k+$5.18
Costs to cover0.653%Break-even6.6 days
Slippage: Popdex: live order book, 50 min ago; Coinbase International: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex4.9617.3 bp−$17144.5 bp−$1,445doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International6.0811.1 bp−$1115.1 bp−$151doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya