Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5369 | +0.0096 | pay 0.0012% / 1h | 49m 37s | $99K | $507K | 20x | Long Popdex | |
| SHORT | 0.5369 | −0.5000 | pay 0.0625% / 1h | 49m 37s | $3K | $104K | 5x | Short Injective |
Price gap−0.008%
Funding gap−0.5096% /8h
The gap pays +$40 on $10k if it goes back to its 7d average, but funding costs $153 a day and eats that in about 6 hours. 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−$152−0.5096% /8h now · paid −1.518% over the last 7D
Price+$40spread −0.008% now, avg −0.404% → +0.395% if it goes back
Costsno datano order book for Injective
Result, before costs−$112−1.12%no pointscosts unknown: no order book for Injective · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −1.518% in total, about −0.0744%/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−0.008%
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 · 1 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$500 + $2,000Popdex 20x, Injective 5x. 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 Popdex: 24 payments, −$2.88; short Injective: 24 payments, −$150.00.
- OK: Entry gap works for you−0.008% vs −0.404%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K vs $99K 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 legPopdex No · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0744%/8h × 21 periods−$156.27
Price spread−0.008% → −0.404% (7d avg)+$39.52
Slippage, 4 ordersno data for Injective—
Fee Popdex bp × 2 orders−$6.40
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k−$123.17
Costs to cover0.064%Break-evenfrom the start
Slippage: Popdex: live order book, 21 min ago; Injective: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.3912.5 bp−$12103.4 bp−$1,034doesn’t fitdoesn’t fit
SELL · SHORTInjective—————
Closing costs about the same again.
Injective: no data.
Reya