Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.330 | +0.0048 | pay 0.0006% / 1h | 28m 23s | $365K | $125K | 20x | Long Popdex | |
| SHORT | 60.297 | +0.0163 | get 0.0020% / 1h | 28m 23s | $376K | $1.4M | 25x | Short Entropy |
Price gap−0.055%
Funding gap+0.0115% /8h
Funding trade: +$3 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+$23+0.0115% /8h now · paid +0.232% over the last 7D
Price+$1spread −0.055% now, avg −0.060% → +0.005% if it goes back
Costs−$300.296% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Entropy: 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−0.055%
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 · 1 to watch- OK: Fits both order books7.3 / 6.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $400Popdex 20x, Entropy 25x. 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: +$3.45Long Popdex: 24 payments, −$1.44; short Entropy: 24 payments, +$4.89.
- Note: Gap at its usual level−0.055% vs −0.060%The price leg adds little either way.
- Watch: Long leg is thinner$365K vs $376K 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 legPopdex No · Entropy NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0122%/8h × 21 periods+$25.53
Price spread−0.055% → −0.060% (7d avg)+$0.52
Slippage, 4 orderslive order books−$21.39
Fee Popdex bp × 2 orders−$6.40
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$3.54
Costs to cover0.296%Break-even8.0 days
Slippage: Popdex: live order book, 4 min ago; Entropy: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.667.3 bp−$711.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTEntropy2.076.4 bp−$621.2 bp−$212doesn’t fitdoesn’t fit
Closing costs about the same again.
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