COIN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCOINUSDT	191.54	+0.0048	pay 0.0006% / 1h	7m 21s	$388K	$661K	20x	Long Popdex
SHORT	InjectiveCOIN/USDC PERP	191.42	−0.0060	pay 0.0008% / 1h	7m 21s	$66K	$269K	25x	Short Injective

Price gap−0.062%

Funding gap−0.0108% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 2.0 days. At the last 7 days' pace that is about 15 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$63−0.0108% /8h now · paid −0.633% over the last 6 days (all we have)

Price+$7spread −0.062% now, avg −0.128% → +0.066% if it goes back

Costs−$780.777% of $10k · taker + slippage, in and out

Result−$134−1.34%no pointsWhat 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−0.062%

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

COIN on 29 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Watch: Thin at this size5.9 / 31.4 bp
At $10k entering Injective costs 31.4 bp, fee and slippage, 5.4× Popdex’s.
Note: Margin at max leverage$500 + $400
Popdex 20x, Injective 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$3.24Long Popdex: 24 payments, −$1.44; short Injective: 24 payments, −$1.80.
OK: Entry gap works for you−0.062% vs −0.128%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$66K vs $388K OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legPopdex No · Injective No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0349%/8h × 21 periods−$73.39

Price spread−0.062% → −0.128% (7d avg)+$6.59

Slippage, 4 orderslive order books−$71.25

Fee Popdex bp × 2 orders−$6.40

Fee Injective bp × 2 orders−$0.02

Net · 7 days · $10k−$144.47

Costs to cover0.777%Break-evennever at this rate

Slippage: Popdex: live order book, 15 min ago; Injective: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.785.9 bp−$621.7 bp−$217doesn’t fitdoesn’t fit

SELL · SHORTInjective31.3531.4 bp−$31doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

COIN news

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

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 ↗