Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4905 | +0.0096 | pay 0.0012% / 1h | 47m 45s | $77K | $263K | 20x | Long Popdex | |
| SHORT | 0.4913 | +0.0100 | get 0.0050% / 4h | 3h 47m | $21K | $355K | 20x | Short edgeX |
Price gap+0.170%59s
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$17 on $10k if the gap goes back to its 7d average.
The two prices were read 59 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0004% /8h now · paid +0.009% over the last 6 days (all we have)
Price—spread +0.170%59s now · prices read too far apart to compare
Costs−$450.447% 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
edgeX price against Popdexnow
RANGE STATS · 7D
Now+0.170%
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 · 4 to watch- Watch: Large against open interest13.7 / 8.6 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $500Popdex 20x, edgeX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short edgeX: 6 payments, +$3.00.
- Watch: Prices read 59 s apart+0.170% vs +0.001%Part of this gap may be the market moving.
- Watch: Short 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 legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0005%/8h × 21 periods+$1.13
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$29.30
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$43.56
price spread not counted: prices read too far apartCosts to cover0.447%Break-even275.8 days
Slippage: Popdex: live order book, 45 min ago; edgeX: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.4313.7 bp−$1479.4 bp−$794doesn’t fitdoesn’t fit
SELL · SHORTedgeX4.108.6 bp−$916.4 bp−$164doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya