Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.208 | 0 | 0.0000% / 1h | 59m 02s | $465K | $449K | 20x | Long Popdex | |
| SHORT | 98.190 | −0.0216 | pay 0.0216% / 8h | 5h 59m | $14.6M | $15.0M | 100x | Short Bybit |
Price gap−0.018%53s
Funding gap−0.0216% /8h
Funding costs $6 a day on $10k at the current rate. Swap the legs.
The two prices were read 53 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−$26−0.0216% /8h now · paid −0.264% over the last 7D
Price—spread −0.018%53s now · prices read too far apart to compare
Costs−$260.257% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / ExitPopdex: 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−0.018%
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
/8hBZ on 31 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books4.8 / 9.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $100Popdex 20x, Bybit 100x. 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: −$6.47Long Popdex: 24 payments, $0.00; short Bybit: 3 payments, −$6.47.
- Watch: Prices read 53 s apart−0.018% vs −0.024%Part of this gap may be the market moving.
- Watch: Long leg is thinner$465K vs $14.6M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0138%/8h × 21 periods−$28.95
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$8.27
Fee Popdex bp × 2 orders−$6.40
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$54.62
price spread not counted: prices read too far apartCosts to cover0.257%Break-evennever at this rate
Slippage: Popdex: live order book, 34 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.224.8 bp−$58.0 bp−$80doesn’t fitdoesn’t fit
SELL · SHORTBybit0.519.5 bp−$912.9 bp−$129222.2 bp−$22.2Kdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | BRENT/USD no longer reported ($BZ) seen by our collector |
| 09-23 02:03 | SoDEX | Listing | 📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗ |
| 09-17 10:29 | Deribit | Listing | 🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗ |
| 09-16 15:02 | Deribit | Listing | 🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗ |
gTrade (Gains Network)
SoDEX
Deribit