Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 186.64 | −0.0130 | get 0.0065% / 4h | 3h 58m | $66K | $276K | 10x | Long edgeX | |
| SHORT | 186.97 | +0.0048 | get 0.0006% / 1h | 58m 03s | $392K | $265K | 20x | Short Popdex |
Price gap+0.176%59s
Funding gap+0.0178% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.148% above its 7d average: +$15 more if it goes back.
Funding on this pair cost 0.738% over the last 7 days: the rate has only just turned. The two prices were read 59 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−$74+0.0178% /8h now · paid −0.738% over the last 6 days (all we have)
Price—spread +0.176%59s now · prices read too far apart to compare
Costs−$350.347% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.176%
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
/8hCOIN on 29 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest10.2 / 8.1 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.33Long edgeX: 6 payments, +$3.89; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 59 s apart+0.176% vs +0.028%Part of this gap may be the market moving.
- Watch: Long leg is thinner$66K vs $392K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0391%/8h × 21 periods−$82.08
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$19.29
Fee edgeX bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$116.77
price spread not counted: prices read too far apartCosts to cover0.347%Break-evennever at this rate
Slippage: edgeX: live order book, 58 min ago; Popdex: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX5.3610.2 bp−$1016.2 bp−$162doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.078.1 bp−$831.7 bp−$317doesn’t fitdoesn’t fit
Closing costs about the same again.
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