Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5358 | +0.0096 | pay 0.0012% / 1h | 32m 46s | $93K | $518K | 20x | Long Popdex | |
| SHORT | 0.5352 | 0 | 0.0000% / 8h | 4h 32m | $119K | $3.1M | 1.6x | Short Kalshi |
Price gap−0.112%
Funding gap−0.0096% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.132% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$26−0.0096% /8h now · paid −0.258% over the last 7D
Price−$13spread −0.112% now, avg +0.020% → −0.132% if it goes back
Costs−$560.562% of $10k · taker + slippage, in and out
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−0.112%
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
0 ok · 5 to watch- Watch: Thin at this size13.6 / 15.0 bpAt $10k entering Kalshi costs 15.0 bp, fee and slippage, 1.1× Popdex’s.
- Note: Margin at max leverage$500 + $5,900Popdex 20x, Kalshi 1.6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.88Long Popdex: 24 payments, −$2.88; short Kalshi: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.112% vs +0.020%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$93K vs $119K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0130%/8h × 21 periods−$27.38
Price spread−0.112% → +0.020% (7d avg)−$13.16
Slippage, 4 orderslive order books−$41.83
Fee Popdex bp × 2 orders−$6.40
Fee Kalshi bp × 2 orders−$8.00
Net · 7 days · $10k−$96.77
Costs to cover0.562%Break-evennever at this rate
Slippage: Popdex: live order book, 62 min ago; Kalshi: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.4013.6 bp−$14119.0 bp−$1,190doesn’t fitdoesn’t fit
SELL · SHORTKalshi9.3215.0 bp−$1529.1 bp−$291doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya