Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.4920 | +0.0096 | pay 0.0012% / 1h | 13m 44s | $196K | $591K | 50x | Long Popdex | |
| SHORT | 1.5180 | +0.0033 | get 0.0004% / 1h | 13m 44s | $2K | $17.2M | 25x | Short Injective |
Price gap+1.743%106s
Funding gap−0.0063% /8h
The gap pays +$159 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 3 months.
The two prices were read 106 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0063% /8h now · paid +0.020% over the last 5 days (all we have)
Price—spread +1.743%106s now · prices read too far apart to compare
Costs−$1011.010% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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
Injective price against Popdexnow
RANGE STATS · 7D
Now+1.743%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXRP on 50 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size5.6 / 20.1 bpAt $10k entering Injective costs 20.1 bp, fee and slippage, 3.6× Popdex’s.
- Note: Margin at max leverage$200 + $400Popdex 50x, Injective 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: −$1.88Long Popdex: 24 payments, −$2.88; short Injective: 24 payments, +$1.00.
- Watch: Prices read 106 s apart+1.743% vs +0.156%Part of this gap may be the market moving.
- Watch: Short leg is thinner$2K vs $196K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0012%/8h × 21 periods+$2.52
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$94.60
Fee Popdex bp × 2 orders−$6.40
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k−$98.50
price spread not counted: prices read too far apartCosts to cover1.010%Break-even280.5 days
Slippage: Popdex: live order book, 60 min ago; Injective: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.005.6 bp−$614.0 bp−$140doesn’t fitdoesn’t fit
SELL · SHORTInjective20.1120.1 bp−$2024.6 bp−$246doesn’t fitdoesn’t fit
Closing costs about the same again.
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