Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

WLD

All WLD markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniWLD
0.4912+0.0100pay 0.0100% / 8h1h 49m$3.3M$5.3M50xLong Variational Omni+15% pts
SHORT
PopdexWLDUSDT
0.4904+0.0096get 0.0012% / 1h49m 08s$87K$275K20xShort Popdex
Price gap−0.172%
Funding gap−0.0004% /8h

Funding is ≈ 0 and the gap is 0.120% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1−0.0004% /8h now · paid −0.010% over the last 6 days (all we have)
Price−$12spread −0.172% now, avg −0.053% → −0.120% if it goes back
Costs−$470.468% of $10k · taker + slippage, in and out
Result−$60−0.60%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Variational Omninow
RANGE STATS · 7D
Now−0.172%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

WLD on 38 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Large against open interest11.2 / 13.5 bp
    $10k is over 10% of Popdex’s open interest.
  • Note: Margin at max leverage$200 + $500
    Variational Omni 50x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.12Long Variational Omni: 3 payments, −$3.00; short Popdex: 24 payments, +$2.88.
  • Watch: Gap narrower than usual−0.172% vs −0.053%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$87K vs $3.3M OI
    Popdex sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legVariational Omni No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0006%/8h × 21 periods−$1.31
Price spread−0.172% → −0.053% (7d avg)−$11.97
Slippage, 4 orderslive order books−$40.36
Fee Variational Omni bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$60.04
Costs to cover0.468%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 5 min ago; Popdex: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni5.0911.2 bp−$1115.3 bp−$153doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.5313.5 bp−$14159.7 bp−$1,597doesn’t fitdoesn’t fit

Closing costs about the same again.

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