Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.550 | +0.0048 | pay 0.0006% / 1h | 29m 51s | $369K | $176K | 20x | Long Popdex | |
| SHORT | 82.527 | +0.0258 | get 0.0258% / 8h | 5h 29m | $2.6M | $2.1M | 20x | Short Variational Omni+15% pts |
Price gap−0.027%
Funding gap+0.0210% /8h
Funding trade: +$6 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0210% /8h now · paid +0.167% over the last 7D
Price+$1spread −0.027% now, avg −0.033% → +0.006% if it goes back
Costs−$290.288% of $10k · taker + slippage, in and out
Result−$12−0.12%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.027%
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
3 ok · 2 to watch- OK: Fits both order books7.0 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.30Long Popdex: 24 payments, −$1.44; short Variational Omni: 3 payments, +$7.74.
- Note: Gap at its usual level−0.027% vs −0.033%The price leg adds little either way.
- Watch: Long leg is thinner$369K vs $2.6M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0087%/8h × 21 periods+$18.29
Price spread−0.027% → −0.033% (7d avg)+$0.56
Slippage, 4 orderslive order books−$22.38
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$9.93
Costs to cover0.288%Break-even10.8 days
Slippage: Popdex: live order book, 63 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.817.0 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.595.6 bp−$67.6 bp−$76doesn’t fitdoesn’t fit
Closing costs about the same again.
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