Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.290 | +0.0327 | pay 0.0041% / 1h | 59m 15s | $71K | $423K | 10x | Long Arcus5% off | |
| SHORT | 60.340 | +0.0048 | get 0.0006% / 1h | 59m 15s | $365K | $125K | 20x | Short Popdex |
Price gap+0.083%
Funding gap−0.0279% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 6 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.0279% /8h now · paid −0.351% over the last 7D
Price+$2spread +0.083% now, avg +0.063% → +0.020% if it goes back
Costs−$240.235% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitArcus: 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+0.083%
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
/8hDRAM on 35 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest3.9 / 6.0 bp$10k is over 10% of Arcus’s open interest.
- Note: Margin at max leverage$1,000 + $500Arcus 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: −$8.38Long Arcus: 24 payments, −$9.82; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.083% vs +0.063%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$71K vs $365K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legArcus No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0184%/8h × 21 periods−$38.59
Price spread+0.083% → +0.063% (7d avg)+$2.04
Slippage, 4 orderslive order books−$12.62
Fee Arcus bp × 2 orders−$4.50
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$60.07
Costs to cover0.235%Break-evennever at this rate
Slippage: Arcus: live order book, 34 min ago; Popdex: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus1.663.9 bp−$46.5 bp−$65doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.666.0 bp−$69.2 bp−$92doesn’t fitdoesn’t fit
Closing costs about the same again.
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