Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5406 | +0.0096 | pay 0.0012% / 1h | 29m 24s | $91K | $504K | 20x | Long Popdex | |
| SHORT | 0.5401 | +0.0544 | get 0.0068% / 1h | 29m 24s | $7.8M | $6.4M | 10x | Short Lighter7d free |
Price gap−0.089%
Funding gap+0.0448% /8h
Funding pays +$13 a day on $10k, but the gap is 0.220% under its 7d average: −$22 if it goes back, about 39 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$49+0.0448% /8h now · paid +0.492% over the last 7D
Price−$22spread −0.089% now, avg +0.131% → −0.220% if it goes back
Costs−$430.429% of $10k · taker + slippage, in and out
Result−$16−0.16%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest
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−0.089%
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 38 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size18.5 / 3.5 bpAt $10k entering Popdex costs 18.5 bp, fee and slippage, 5.3× Lighter’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Lighter 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: +$13.44Long Popdex: 24 payments, −$2.88; short Lighter: 24 payments, +$16.32.
- Watch: Gap narrower than usual−0.089% vs +0.131%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$91K vs $7.8M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0258%/8h × 21 periods+$54.21
Price spread−0.089% → +0.131% (7d avg)−$21.97
Slippage, 4 orderslive order books−$36.47
Fee Popdex bp × 2 orders−$6.40
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$10.64
Costs to cover0.429%Break-even8.4 days
Slippage: Popdex: live order book, 4 min ago; Lighter: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex5.4918.5 bp−$18150.1 bp−$1,501doesn’t fitdoesn’t fit
SELL · SHORTLighter0.833.5 bp−$46.6 bp−$66107.3 bp−$10.7Kdoesn’t fit
Closing costs about the same again.
Reya