COIN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCOINUSDT	187.51	+0.0048	pay 0.0006% / 1h	45m 12s	$391K	$257K	20x	Long Popdex
SHORT	PhoenixCOIN	187.65	+0.0213	get 0.0027% / 1h	45m 12s	$7K	$390K	10x	Short Phoenix

Price gap+0.075%

Funding gap+0.0165% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.084% above its 7d average: +$8 more if it goes back.

If you open now and hold

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

Funding+$28+0.0165% /8h now · paid +0.281% over the last 7D

Price+$8spread +0.075% now, avg −0.009% → +0.084% if it goes back

Costs−$370.370% of $10k · taker + slippage, in and out

Result$00.00%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest · Phoenix: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.075%

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 28 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Watch: Large against open interest7.3 / 10.7 bp
$10k is over 10% of Phoenix’s open interest.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, Phoenix 10x. 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: +$4.96Long Popdex: 24 payments, −$1.44; short Phoenix: 24 payments, +$6.40.
OK: Entry gap works for you+0.075% vs −0.009%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$7K vs $391K OI
Phoenix 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 · Phoenix 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+0.0146%/8h × 21 periods+$30.63

Price spread+0.075% → −0.009% (7d avg)+$8.40

Slippage, 4 orderslive order books−$23.57

Fee Popdex bp × 2 orders−$6.40

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k+$2.07

Costs to cover0.370%Break-even6.5 days

Slippage: Popdex: live order book, 34 min ago; Phoenix: live order book, 31 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.807.3 bp−$722.6 bp−$226doesn’t fitdoesn’t fit

SELL · SHORTPhoenix3.2110.7 bp−$1122.4 bp−$224doesn’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 ↗