Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2256 | +0.0096 | pay 0.0012% / 1h | 28m 28s | $107K | $183K | 50x | Long Popdex | |
| SHORT | 0.2258 | +0.0282 | get 0.0035% / 1h | 28m 28s | $457K | $20K | 25x | Short Deribit |
Price gap+0.111%
Funding gap+0.0186% /8h
Funding pays +$6 a day on $10k, but the gap is 0.021% under its 7d average: −$2 if it goes back, about 9 hours of funding. At the last 7 days' pace that is about 2 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$171+0.0186% /8h now · paid +1.715% over the last 7D
Price−$2spread +0.111% now, avg +0.132% → −0.021% if it goes back
Costs−$670.666% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Deribit: 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+0.111%
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
/8hXLM on 32 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size21.6 / 5.5 bpAt $10k entering Popdex costs 21.6 bp, fee and slippage, 3.9× Deribit’s.
- Note: Margin at max leverage$200 + $400Popdex 50x, Deribit 25x. 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: +$5.58Long Popdex: 24 payments, −$2.88; short Deribit: 24 payments, +$8.46.
- Watch: Gap narrower than usual+0.111% vs +0.132%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$107K vs $457K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0899%/8h × 21 periods+$188.88
Price spread+0.111% → +0.132% (7d avg)−$2.09
Slippage, 4 orderslive order books−$53.17
Fee Popdex bp × 2 orders−$6.40
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k+$120.22
Costs to cover0.666%Break-even2.5 days
Slippage: Popdex: live order book, 4 min ago; Deribit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.2221.6 bp−$22226.6 bp−$2,266doesn’t fitdoesn’t fit
SELL · SHORTDeribit2.005.5 bp−$612.8 bp−$128doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 08:55 | ApeX Omni | Other | 50 up, 36 down on the ApeX board, median +1.1%. DeFi and payment names swept it: $CRV +21.5%, $HBAR +20.3%, ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 +15.8%, $XLM +11.2%, $AAVE +11.2%. ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 has bounced 64% off its August low since ApeX confirmed on 9 Sep that supply is fixed at 500M with no unlocks left. @OfficialApeXdex on X ↗ |


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