Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 186.47 | +0.0048 | pay 0.0006% / 1h | 32m 56s | $393K | $289K | 20x | Long Popdex | |
| SHORT | 186.59 | −0.0287 | pay 0.0143% / 4h | 32m 56s | $66K | $275K | 10x | Short edgeX |
Price gap+0.066%
Funding gap−0.0335% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 22 hours.
Funding on this pair paid 0.738% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$74−0.0335% /8h now · paid +0.738% over the last 6 days (all we have)
Price+$9spread +0.066% now, avg −0.028% → +0.094% if it goes back
Costs−$350.347% of $10k · taker + slippage, in and out
Result+$48+0.48%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.066%
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
3 ok · 3 to watch- Watch: Large against open interest6.1 / 10.2 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.04Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, −$8.60.
- OK: Entry gap works for you+0.066% vs −0.028%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$66K vs $393K 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 legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0392%/8h × 21 periods+$82.40
Price spread+0.066% → −0.028% (7d avg)+$9.38
Slippage, 4 orderslive order books−$19.29
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$57.09
Costs to cover0.347%Break-even2.2 days
Slippage: Popdex: live order book, 24 min ago; edgeX: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.076.1 bp−$652.2 bp−$522doesn’t fitdoesn’t fit
SELL · SHORTedgeX5.3610.2 bp−$1016.4 bp−$164doesn’t fitdoesn’t fit
Closing costs about the same again.
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