Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.301 | +0.0300 | pay 0.0038% / 1h | 57m 30s | $126.4M | $37.1M | 20x | Long tradeXYZ | |
| SHORT | 60.290 | +0.0048 | get 0.0006% / 1h | 57m 30s | $365K | $125K | 20x | Short Popdex |
Price gap−0.018%
Funding gap−0.0252% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.043% 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−$19−0.0252% /8h now · paid −0.191% over the last 7D
Price−$4spread −0.018% now, avg +0.024% → −0.043% if it goes back
Costs−$170.172% of $10k · taker + slippage, in and out
Result−$41−0.41%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.018%
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 books1.6 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500tradeXYZ 20x, Popdex 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: −$7.57Long tradeXYZ: 24 payments, −$9.01; short Popdex: 24 payments, +$1.44.
- Watch: Gap narrower than usual−0.018% vs +0.024%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$365K vs $126.4M 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 legtradeXYZ No · Popdex 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−$20.97
Price spread−0.018% → +0.024% (7d avg)−$4.27
Slippage, 4 orderslive order books−$8.95
Fee tradeXYZ bp × 2 orders−$1.80
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$42.38
Costs to cover0.172%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 12 min ago; Popdex: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ0.501.6 bp−$23.1 bp−$316.7 bp−$67224.9 bp−$12.5K
SELL · SHORTPopdex1.666.0 bp−$69.2 bp−$92doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-17 15:22 | Ondo Perps | Listing | New markets just dropped. From China’s largest DRAM manufacturer to the largest HYPE treasury and the company behind GTA 6: ▸ CXMT - ChangXin Memory Technologies ▸ ENA - Enablence Technologies ▸ PURR - Hyperliquid Strategies ▸ TTWO - Take-Two Interactive Trade now → @OndoPerps on X ↗ |
| 09-17 14:35 | Entropy | Listing | New listing: Roundhill Memory ETF ($DRAM) at 25x Leverage. @entropyIO on X ↗ |
| 09-17 10:29 | Deribit | Listing | 🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗ |
| 09-16 15:02 | Deribit | Listing | 🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗ |


RISEx
Deribit