Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.360 | +0.0048 | pay 0.0006% / 1h | 26m 22s | $365K | $125K | 20x | Long Popdex | |
| SHORT | 60.318 | +0.0245 | get 0.0031% / 1h | 26m 22s | $125.8M | $37.2M | 20x | Short tradeXYZ |
Price gap−0.070%
Funding gap+0.0197% /8h
Funding pays +$6 a day on $10k, but the gap is 0.045% under its 7d average: −$5 if it goes back, about 18 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0197% /8h now · paid +0.191% over the last 7D
Price−$5spread −0.070% now, avg −0.024% → −0.045% if it goes back
Costs−$170.168% of $10k · taker + slippage, in and out
Result−$2−0.02%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitPopdex: 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−0.070%
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 · 2 to watch- OK: Fits both order books7.3 / 1.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, tradeXYZ 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: +$5.92Long Popdex: 24 payments, −$1.44; short tradeXYZ: 24 payments, +$7.36.
- Watch: Gap narrower than usual−0.070% vs −0.024%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$365K vs $125.8M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0100%/8h × 21 periods+$21.03
Price spread−0.070% → −0.024% (7d avg)−$4.52
Slippage, 4 orderslive order books−$8.58
Fee Popdex bp × 2 orders−$6.40
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$0.26
Costs to cover0.168%Break-even7.1 days
Slippage: Popdex: live order book, 6 min ago; tradeXYZ: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.667.3 bp−$711.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ0.171.6 bp−$22.4 bp−$246.1 bp−$60626.1 bp−$13.1K
Closing costs about the same again.
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