Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 190.41 | −0.0060 | get 0.0008% / 1h | 43m 50s | $32K | $236K | 25x | Long Injective | |
| SHORT | 190.27 | +0.0048 | get 0.0006% / 1h | 43m 50s | $391K | $654K | 20x | Short Popdex |
Price gap−0.074%46s
Funding gap+0.0108% /8h
Funding pays +$3 a day on $10k, but the gap is 0.202% under its 7d average: −$20 if it goes back, about 6.2 days of funding. At the last 7 days' pace that is about 46 hours.
The two prices were read 46 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+$63+0.0108% /8h now · paid +0.633% over the last 6 days (all we have)
Price—spread −0.074%46s now · prices read too far apart to compare
Costs−$560.557% 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
Popdex price against Injectivenow
RANGE STATS · 7D
Now−0.074%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCOIN on 27 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size20.0 / 9.0 bpAt $10k entering Injective costs 20.0 bp, fee and slippage, 2.2× Popdex’s.
- Note: Margin at max leverage$400 + $500Injective 25x, Popdex 20x. 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: +$3.24Long Injective: 24 payments, +$1.80; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 46 s apart−0.074% vs +0.128%Part of this gap may be the market moving.
- Watch: Long leg is thinner$32K vs $391K 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 legInjective No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0351%/8h × 21 periods+$73.71
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$49.30
Fee Injective bp × 2 orders−$0.02
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$17.99
price spread not counted: prices read too far apartCosts to cover0.557%Break-even5.3 days
Slippage: Injective: live order book, just now; Popdex: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective19.9820.0 bp−$20431.6 bp−$4,31694315.3 bp−$9.43M511575.8 bp−$255.79M
SELL · SHORTPopdex1.589.0 bp−$922.9 bp−$229doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-21 13:35 | gTrade (Gains Network) | Listing | new market COIN/USD ($COIN) seen by our collector |
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