Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 61.750 | 0 | 0.0000% / 8h | 57m 11s | $1.7M | $1.3M | 10x | Long Phemex | |
| SHORT | 61.760 | +0.0048 | get 0.0006% / 1h | 57m 11s | $373K | $127K | 20x | Short Popdex |
Price gap+0.016%
Funding gap+0.0048% /8h
Funding trade: +$1 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+$11+0.0048% /8h now · paid +0.113% over the last 7D
Price+$1spread +0.016% now, avg +0.004% → +0.012% if it goes back
Costs−$1001.004% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
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+0.016%
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 36 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size41.7 / 5.2 bpAt $10k entering Phemex costs 41.7 bp, fee and slippage, 8.0× Popdex’s.
- Note: Margin at max leverage$1,000 + $500Phemex 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.44Long Phemex: 3 payments, $0.00; short Popdex: 24 payments, +$1.44.
- Note: Gap at its usual level+0.016% vs +0.004%The price leg adds little either way.
- Watch: Short leg is thinner$373K vs $1.7M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Popdex NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0054%/8h × 21 periods+$11.41
Price spread+0.016% → +0.004% (7d avg)+$1.21
Slippage, 4 orderslive order books−$82.01
Fee Phemex bp × 2 orders−$12.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$87.78
Costs to cover1.004%Break-even60.8 days
Slippage: Phemex: live order book, 2 min ago; Popdex: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.2441.7 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex1.625.2 bp−$58.3 bp−$83doesn’t fitdoesn’t fit
Closing costs about the same again.
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