Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 61.270 | +0.0120 | pay 0.0015% / 1h | 59m 23s | $371K | $127K | 20x | Long Popdex | |
| SHORT | 61.240 | 0 | 0.0000% / 8h | 7h 59m | $1.7M | $1.4M | 10x | Short Phemex |
Price gap−0.049%
Funding gap−0.0120% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.045% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0120% /8h now · paid −0.113% over the last 7D
Price−$4spread −0.049% now, avg −0.004% → −0.045% if it goes back
Costs−$1061.060% 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−0.049%
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 · 5 to watch- Watch: Thin at this size7.9 / 38.7 bpAt $10k entering Phemex costs 38.7 bp, fee and slippage, 4.9× Popdex’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.60Long Popdex: 24 payments, −$3.60; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.049% vs −0.004%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$371K vs $1.7M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Phemex YesKYC 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−0.049% → −0.004% (7d avg)−$4.49
Slippage, 4 orderslive order books−$87.59
Fee Popdex bp × 2 orders−$6.40
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$121.89
Costs to cover1.060%Break-evennever at this rate
Slippage: Popdex: live order book, 13 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.457.9 bp−$811.0 bp−$110doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.4538.7 bp−$39doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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