Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 61.050 | +0.0048 | pay 0.0006% / 1h | 17m 05s | $369K | $124K | 20x | Long Popdex | |
| SHORT | 60.740 | +0.0080 | get 0.0010% / 1h | 17m 05s | $433K | $86K | 20x | Short Coinbase International |
Price gap−0.508%
Funding gap+0.0032% /8h
Funding pays +$1 a day on $10k, but the gap is 0.337% under its 7d average: −$34 if it goes back, about 35 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0032% /8h now · paid +0.110% over the last 6 days (all we have)
Price−$34spread −0.508% now, avg −0.171% → −0.337% if it goes back
Costs−$320.321% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Coinbase International price against Popdexnow
RANGE STATS · 7D
Now−0.508%
Average—
Range—
Wider than now—
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
2 ok · 3 to watch- OK: Fits both order books6.9 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Coinbase International 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: +$0.96Long Popdex: 24 payments, −$1.44; short Coinbase International: 24 payments, +$2.40.
- Watch: Gap narrower than usual−0.508% vs −0.171%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$369K vs $433K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Coinbase International YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0061%/8h × 21 periods+$12.90
Price spread−0.508% → −0.171% (7d avg)−$33.65
Slippage, 4 orderslive order books−$15.69
Fee Popdex bp × 2 orders−$6.40
Fee Coinbase International bp × 2 orders−$10.00
Net · 7 days · $10k−$52.84
Costs to cover0.321%Break-even35.7 days
Slippage: Popdex: live order book, 61 min ago; Coinbase International: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.476.9 bp−$711.0 bp−$110doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International2.477.5 bp−$712.7 bp−$127doesn’t fitdoesn’t fit
Closing costs about the same again.
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