Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5128 | +0.0096 | pay 0.0012% / 1h | 34m 25s | $84K | $299K | 20x | Long Popdex | |
| SHORT | 0.5127 | +0.0304 | get 0.0038% / 1h | 34m 25s | $218K | $501K | 10x | Short Extended10% off |
Price gap−0.023%
Funding gap+0.0208% /8h
Funding trade: +$6 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$22+0.0208% /8h now · paid +0.218% over the last 6 days (all we have)
Price−$1spread −0.023% now, avg −0.017% → −0.006% if it goes back
Costs−$370.372% of $10k · taker + slippage, in and out
Result−$16−0.16%+ 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−0.023%
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
3 ok · 2 to watch- Watch: Large against open interest12.8 / 6.3 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Extended 10x. 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: +$6.24Long Popdex: 24 payments, −$2.88; short Extended: 24 payments, +$9.12.
- Note: Gap at its usual level−0.023% vs −0.017%The price leg adds little either way.
- Watch: Long leg is thinner$84K vs $218K 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 legPopdex No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0120%/8h × 21 periods+$25.24
Price spread−0.023% → −0.017% (7d avg)−$0.60
Slippage, 4 orderslive order books−$25.84
Fee Popdex bp × 2 orders−$6.40
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$12.60
Costs to cover0.372%Break-even10.5 days
Slippage: Popdex: live order book, 47 min ago; Extended: live order book, 47 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.2512.8 bp−$13159.7 bp−$1,597doesn’t fitdoesn’t fit
SELL · SHORTExtended1.936.3 bp−$616.1 bp−$161doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya