Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.420 | +0.0114 | pay 0.0014% / 1h | 28m 29s | $68K | $140K | 10x | Long Deribit | |
| SHORT | 82.520 | +0.0048 | get 0.0006% / 1h | 28m 29s | $368K | $176K | 20x | Short Popdex |
Price gap+0.121%
Funding gap−0.0066% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 3.9 days. At the last 7 days' pace that is about 19 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$64−0.0066% /8h now · paid −0.643% over the last 7D
Price+$8spread +0.121% now, avg +0.044% → +0.078% if it goes back
Costs−$320.321% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitDeribit: thin, under $1M open interest · Popdex: 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+0.121%
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
/8hCRCL on 36 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Large against open interest10.7 / 7.5 bp$10k is over 10% of Deribit’s open interest.
- Note: Margin at max leverage$1,000 + $500Deribit 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.98Long Deribit: 24 payments, −$3.42; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.121% vs +0.044%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$68K vs $368K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCDeribit Yes · Popdex NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0335%/8h × 21 periods−$70.39
Price spread+0.121% → +0.044% (7d avg)+$7.75
Slippage, 4 orderslive order books−$18.73
Fee Deribit bp × 2 orders−$7.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$94.77
Costs to cover0.321%Break-evennever at this rate
Slippage: Deribit: live order book, 64 min ago; Popdex: live order book, 64 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit0.6110.7 bp−$1113.4 bp−$134doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.817.5 bp−$816.5 bp−$165doesn’t fitdoesn’t fit
Closing costs about the same again.
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