Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.770 | +0.0072 | pay 0.0009% / 1h | 27m 24s | $370K | $186K | 20x | Long Popdex | |
| SHORT | 82.680 | 0 | 0.0000% / 1h | 27m 24s | $69K | $212K | 10x | Short Deribit |
Price gap−0.109%
Funding gap−0.0072% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.065% under its 7d average. Swap the legs.
Funding on this pair paid 0.647% 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+$65−0.0072% /8h now · paid +0.647% over the last 7D
Price−$7spread −0.109% now, avg −0.043% → −0.065% if it goes back
Costs−$320.321% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Deribit: 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−0.109%
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
1 ok · 4 to watch- Watch: Large against open interest7.0 / 6.9 bp$10k is over 10% of Deribit’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Deribit 10x. 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: −$2.16Long Popdex: 24 payments, −$2.16; short Deribit: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.109% vs −0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$69K vs $370K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Deribit YesID, 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+0.0339%/8h × 21 periods+$71.22
Price spread−0.109% → −0.043% (7d avg)−$6.53
Slippage, 4 orderslive order books−$18.73
Fee Popdex bp × 2 orders−$6.40
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k+$32.56
Costs to cover0.321%Break-even3.8 days
Slippage: Popdex: live order book, 5 min ago; Deribit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.817.0 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTDeribit0.616.9 bp−$711.0 bp−$110doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |
| 09-23 11:17 | Bitget | Other | If you're already trading $S, $MSTR, $CRCL, $TSLA and other top stocks and commodities, why not check these campaigns to earn rewards too! ⤵️ @bitget on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market CRCL/USD ($CRCL) 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 ↗ |
| 09-17 02:09 | SoDEX | Other | 📊 SoDEX 24h Movers · Sep 17 77 of 93 markets higher. The Fed's 25-basis-point rate hike dragged down US equities and crypto-related stocks, while select altcoins bucked the trend. Saudi efforts to restore pipeline capacity weighed on oil prices. What moved them $ZEC · Whale short positions face severe unrealized losses, potentially fueling a short squeeze. ARB · Tokenized card platform Deadstock completed a $2.5M seed round on Arbitrum. ONDO · Ondo's subsidiary became the first tokenized firm to join the DTCC Fund/SERV network. CRCL · Crypto-related stocks fell with the broader US market following the Fed rate hike. HOOD · Crypto-related stocks declined alongside the broader market after the Fed rate decision. 77 up · 15 down · 1 flat across 93 perp markets. 25 also trade spot. @sodex_official on X ↗ |
| 09-16 13:44 | Deribit | Listing | 🚨 Always Open. To More. Now live on Deribit: Trade 17 new equity and ETF perpetuals across technology, ETFs, semiconductors, fintech, and crypto linked equities. All settled in USDC. MSTR · CRCL · NVDA · MSFT · META · TSLA · AAPL · GOOGL · AMZN · QQQ · SPY · AMD · HOOD · INTC · MRVL · SPCX · TSM This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Deribit. Always Open. Equity, Commodity and Pre-IPO perpetuals are offered under the Limited Licence Approval Deribit FZE received from VARA, and are subject to the conditions, eligibility requirements and restrictions applicable to that approval. @DeribitOfficial on X ↗ |
Injective
Bitget
gTrade (Gains Network)
Vest Markets
SoDEX