Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 66.990 | −0.2304 | get 0.0288% / 1h | 49m 02s | $171K | $129K | 20x | Long Popdex | |
| SHORT | 66.820 | +0.0050 | get 0.0050% / 8h | 49m 02s | $921K | $1.7M | — | Short BingX |
Price gap−0.254%48s
Funding gap+0.2354% /8h
Funding pays +$71 a day on $10k, but the gap is 0.215% under its 7d average: −$21 if it goes back, about 7 hours of funding. At the last 7 days' pace that is about 41 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$87+0.2354% /8h now · paid +0.873% over the last 7D
Price—spread −0.254%48s now · prices read too far apart to compare
Costs−$480.477% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.873% in total, about +0.0416%/8h on average.
Price and funding
1h · historyEntry / Exit
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−0.254%
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
/8hAAOI on 25 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size15.8 / 7.4 bpAt $10k entering Popdex costs 15.8 bp, fee and slippage, 2.1× BingX’s.
- Note: Margin at max leverage$500 + —Popdex 20x, BingX —. 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: +$70.62Long Popdex: 24 payments, +$69.12; short BingX: 3 payments, +$1.50.
- Watch: Prices read 48 s apart−0.254% vs −0.039%Part of this gap may be the market moving.
- Watch: Long leg is thinner$171K vs $921K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0416%/8h × 21 periods+$87.34
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$31.35
Fee Popdex bp × 2 orders−$6.40
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$39.59
price spread not counted: prices read too far apartCosts to cover0.477%Break-even3.8 days
Slippage: Popdex: live order book, 54 min ago; BingX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.4915.8 bp−$1651.1 bp−$511doesn’t fitdoesn’t fit
SELL · SHORTBingX0.757.4 bp−$714.1 bp−$14173.0 bp−$7,299651.4 bp−$325.7K
Closing costs about the same again.
| 10-13 18:53 | Paragon | Other | Jul 31 to Aug 14, $BTC was basically flat, while $AAOI ran +63%, $CRDO +26% and $COHR +25%. @tradeparagon on X ↗ |
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