Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.290 | +0.0138 | pay 0.0017% / 1h | 59m 13s | $382K | $1.4M | 25x | Long Entropy | |
| SHORT | 60.340 | +0.0048 | get 0.0006% / 1h | 59m 13s | $365K | $125K | 20x | Short Popdex |
Price gap+0.083%
Funding gap−0.0090% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 20 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$23−0.0090% /8h now · paid −0.232% over the last 7D
Price+$2spread +0.083% now, avg +0.060% → +0.023% if it goes back
Costs−$230.231% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitEntropy: 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
4 ok · 1 to watch- OK: Fits both order books5.0 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $500Entropy 25x, 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: −$2.71Long Entropy: 24 payments, −$4.15; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.083% vs +0.060%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$365K vs $382K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legEntropy No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0121%/8h × 21 periods−$25.45
Price spread+0.083% → +0.060% (7d avg)+$2.30
Slippage, 4 orderslive order books−$14.87
Fee Entropy bp × 2 orders−$1.80
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$46.22
Costs to cover0.231%Break-evennever at this rate
Slippage: Entropy: live order book, 7 min ago; Popdex: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy1.585.0 bp−$521.2 bp−$212doesn’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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