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 04s | $370K | $186K | 20x | Long Popdex | |
| SHORT | 82.780 | +0.0544 | get 0.0068% / 1h | 27m 04s | $5.1M | $17.6M | 10x | Short Lighter7d free |
Price gap+0.012%
Funding gap+0.0472% /8h
Both sides work: funding pays +$14 a day on $10k, and the gap is 0.035% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0472% /8h now · paid +0.194% over the last 7D
Price+$3spread +0.012% now, avg −0.023% → +0.035% if it goes back
Costs−$180.179% of $10k · taker + slippage, in and out
Result+$5+0.05%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.194% in total, about +0.0102%/8h on average.
Price and funding
1h · loading 5m…Entry / ExitPopdex: 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+0.012%
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
5 ok · 1 to watch- OK: Fits both order books7.0 / 2.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Lighter 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: +$14.16Long Popdex: 24 payments, −$2.16; short Lighter: 24 payments, +$16.32.
- OK: Entry gap works for you+0.012% vs −0.023%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$370K vs $5.1M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0102%/8h × 21 periods+$21.32
Price spread+0.012% → −0.023% (7d avg)+$3.47
Slippage, 4 orderslive order books−$11.47
Fee Popdex bp × 2 orders−$6.40
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$6.92
Costs to cover0.179%Break-even4.7 days
Slippage: Popdex: live order book, 5 min ago; Lighter: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.817.0 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTLighter0.602.2 bp−$23.9 bp−$3924.8 bp−$2,478doesn’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)
SoDEX
Deribit