Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 322.75 | +0.0056 | pay 0.0007% / 1h | 48m 17s | $402K | $130K | 20x | Long Popdex | |
| SHORT | 321.89 | +0.0025 | get 0.0003% / 1h | 48m 17s | $1.4M | $2.2M | 20x | Short Arcus5% off |
Price gap−0.266%
Funding gap−0.0031% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.070% 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+$16−0.0031% /8h now · paid +0.162% over the last 7D
Price−$7spread −0.266% now, avg −0.196% → −0.070% if it goes back
Costs−$140.140% of $10k · taker + slippage, in and out
Result−$5−0.05%+ Points / potential airdropArcus: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.266%
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
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books4.2 / 3.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Arcus 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: −$0.94Long Popdex: 24 payments, −$1.68; short Arcus: 24 payments, +$0.74.
- Watch: Gap narrower than usual−0.266% vs −0.196%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$402K vs $1.4M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legArcus pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0077%/8h × 21 periods+$16.21
Price spread−0.266% → −0.196% (7d avg)−$7.02
Slippage, 4 orderslive order books−$3.14
Fee Popdex bp × 2 orders−$6.40
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$4.85
Costs to cover0.140%Break-even9.1 days
Slippage: Popdex: live order book, 65 min ago; Arcus: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.624.2 bp−$46.7 bp−$67doesn’t fitdoesn’t fit
SELL · SHORTArcus0.313.1 bp−$35.2 bp−$5215.1 bp−$1,512doesn’t fit
Closing costs about the same again.
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