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 | 33m 59s | $84K | $299K | 20x | Long Popdex | |
| SHORT | 0.5133 | +0.0100 | get 0.0100% / 8h | 5h 33m | $35.0M | $163.0M | 50x | Short OKX |
Price gap+0.098%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$7 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0004% /8h now · paid +0.006% over the last 6 days (all we have)
Price+$7spread +0.098% now, avg +0.024% → +0.074% if it goes back
Costs−$430.426% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.098%
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
1 ok · 4 to watch- Watch: Large against open interest12.8 / 8.6 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$500 + $200Popdex 20x, OKX 50x. 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: +$0.12Long Popdex: 24 payments, −$2.88; short OKX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.098% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$84K vs $35.0M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0003%/8h × 21 periods+$0.70
Price spread+0.098% → +0.024% (7d avg)+$7.39
Slippage, 4 orderslive order books−$26.21
Fee Popdex bp × 2 orders−$6.40
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$34.53
Costs to cover0.426%Break-even352.1 days
Slippage: Popdex: live order book, 47 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.2512.8 bp−$13159.7 bp−$1,597doesn’t fitdoesn’t fit
SELL · SHORTOKX0.978.6 bp−$917.7 bp−$177115.6 bp−$11.6Kdoesn’t fit
Closing costs about the same again.
Reya