Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.540 | +0.0048 | pay 0.0006% / 1h | 56m 47s | $368K | $175K | 20x | Long Popdex | |
| SHORT | 82.531 | +0.0111 | get 0.0056% / 4h | 1h 56m | $77K | $217K | 10x | Short edgeX |
Price gap−0.011%60s
Funding gap+0.0063% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
The two prices were read 60 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$79+0.0063% /8h now · paid +0.786% over the last 7D
Price—spread −0.011%60s now · prices read too far apart to compare
Costs−$380.379% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest · edgeX: 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−0.011%
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 · 4 to watch- Watch: Large against open interest7.0 / 12.0 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.90Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, +$3.34.
- Watch: Prices read 60 s apart−0.011% vs −0.030%Part of this gap may be the market moving.
- Watch: Short leg is thinner$77K vs $368K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0411%/8h × 21 periods+$86.23
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$22.53
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$48.30
price spread not counted: prices read too far apartCosts to cover0.379%Break-even3.1 days
Slippage: Popdex: live order book, 36 min ago; edgeX: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.817.0 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.0412.0 bp−$1226.2 bp−$262doesn’t fitdoesn’t fit
Closing costs about the same again.
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