Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG186.56+0.0048pay 0.0006% / 1h45m 13s$390K$267K20xLong Popdex
SHORT186.4200.0000% / 8h1h 45m$960K$1.2M20xShort Variational Omni+15% pts
Price gap−0.076%
Funding gap−0.0048% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.044% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$2−0.0048% /8h now · paid −0.019% over the last 7D
Price−$4spread −0.076% now, avg −0.033% → −0.044% if it goes back
Costs−$410.410% of $10k · taker + slippage, in and out
Result−$47−0.47%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.076%
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 · 3 to watch
  • OK: Fits both order books4.7 / 9.7 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$500 + $500
    Popdex 20x, Variational Omni 20x. 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.
    Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short Variational Omni: 3 payments, $0.00.
  • Watch: Gap narrower than usual−0.076% vs −0.033%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$390K vs $960K OI
    Popdex sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legPopdex No · Variational Omni 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−0.0010%/8h × 21 periods−$2.04
Price spread−0.076% → −0.033% (7d avg)−$4.36
Slippage, 4 orderslive order books−$34.60
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$47.39
Costs to cover0.410%Break-evennever at this rate
Slippage: Popdex: live order book, 54 min ago; Variational Omni: RFQ quote, just now

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex0.544.7 bp−$510.0 bp−$100doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.469.7 bp−$1016.0 bp−$160doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →
09-25 00:50InjectiveTokenThe 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 $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-21 13:35gTrade (Gains Network)Listingnew market COIN/USD ($COIN) seen by our collector
09-18 17:30Vest MarketsOther$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 ↗