Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →

LONGPopdex▾edgeX −0.0801%Injective −0.0440%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Arcus +0.0038%Vest Markets +0.0046%Avantis +0.0068%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%BloFin +0.0120%KuCoin +0.0271%Bybit +0.0422%Lighter RH +0.0448%AZverse +0.0461%OKX +0.0472%Lighter +0.0488%Kraken Futures +0.0583%TxFlow +0.0597%tradeXYZ +0.0644%Polymarket Perps +0.0737%Ondo Perps +0.0945%SoDEX +0.0957%Popdex +0.1056%

⇄⇅

SHORTBingX▾SoDEX +0.0957%Ondo Perps +0.0945%Polymarket Perps +0.0737%tradeXYZ +0.0644%TxFlow +0.0597%Kraken Futures +0.0583%Lighter +0.0488%OKX +0.0472%AZverse +0.0461%Lighter RH +0.0448%BingX +0.0438%Bybit +0.0422%KuCoin +0.0271%BloFin +0.0120%Aevo +0.0104%ApeX Omni +0.0100%Orderly +0.0100%Vest Markets +0.0046%Arcus +0.0038%Avantis −0.0032%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Injective −0.0440%edgeX −0.0801%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCOINUSDT	164.65	+0.1056	pay 0.0132% / 1h	26m 56s	$377K	$138K	20x	Long Popdex
SHORT	BingXNCSKCOIN2USD-USDT	164.60	+0.0438	get 0.0438% / 8h	26m 56s	$944K	$6.8M	—	Short BingX

Price gap−0.030%48s

Funding gap−0.0618% /8h

Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.035% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.368% in total, about +0.0175%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.030%

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

/8h

24H3D7D14D30D90D

PopdexBingX

COIN on 35 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• ✓
  OK: Fits both order books6.1 / 6.2 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  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 / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Popdex · 1h−$31.68

  Short BingX · 8h+$13.14

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$18.54Long Popdex: 24 payments, −$31.68; short BingX: 3 payments, +$13.14.
• !
  Watch: Prices read 48 s apart−0.030% vs +0.004%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$377K vs $944K OI

  Popdex sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCPopdex No · BingX Yes

  Advanced 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 out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0175%/8h × 21 periods+$36.76

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$10.09

Fee Popdex bp × 2 orders−$6.40

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k+$10.27

price spread not counted: prices read too far apart

Costs to cover0.265%Break-even5.0 days

Slippage: Popdex: live order book, 41 min ago; BingX: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPopdex0.916.1 bp−$615.8 bp−$158doesn’t fitdoesn’t fit

SELL · SHORTBingX0.306.2 bp−$67.5 bp−$7519.5 bp−$1,955380.3 bp−$190.2K

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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FundingPrice spread

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COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →

10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market COIN/USD ($COIN) seen by our collector
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗