Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.760 | +0.0080 | pay 0.0010% / 1h | 16m 54s | $368K | $128K | 20x | Long Popdex | |
| SHORT | 60.708 | +0.0053 | get 0.0053% / 8h | 1h 16m | $2.4M | $924K | 20x | Short Variational Omni+15% pts |
Price gap−0.085%45s
Funding gap−0.0027% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.046% 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+$3−0.0027% /8h now · paid +0.030% over the last 7D
Price—spread −0.085%45s now · prices read too far apart to compare
Costs−$260.261% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together
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−0.085%
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 · 3 to watch- OK: Fits both order books5.3 / 7.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Variational Omni 20x. 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: −$0.82Long Popdex: 24 payments, −$2.40; short Variational Omni: 3 payments, +$1.58.
- Watch: Prices read 45 s apart−0.085% vs −0.040%Part of this gap may be the market moving.
- Watch: Long leg is thinner$368K vs $2.4M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0015%/8h × 21 periods+$3.20
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$19.66
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$22.86
price spread not counted: prices read too far apartCosts to cover0.261%Break-even57.0 days
Slippage: Popdex: live order book, 17 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.655.3 bp−$59.0 bp−$90doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.127.1 bp−$711.1 bp−$111doesn’t fitdoesn’t fit
Closing costs about the same again.
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