Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 350.60 | +0.0048 | pay 0.0006% / 1h | 26m 50s | $394K | $187K | 20x | Long Popdex | |
| SHORT | 350.30 | +0.0002 | get 0.0001% / 4h | 2h 26m | $197K | $1.3M | 10x | Short edgeX |
Price gap−0.087%60s
Funding gap−0.0046% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.064% under its 7d average. Swap the legs.
Funding on this pair paid 0.879% over the last 7 days: the rate has only just turned. The two prices were read 60 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$88−0.0046% /8h now · paid +0.879% over the last 7D
Price—spread −0.087%60s now · prices read too far apart to compare
Costs−$260.260% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · edgeX: 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−0.087%
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 37 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books4.4 / 8.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.37Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, +$0.07.
- Watch: Prices read 60 s apart−0.087% vs −0.023%Part of this gap may be the market moving.
- Watch: Short leg is thinner$197K vs $394K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0461%/8h × 21 periods+$96.85
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.61
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$70.84
price spread not counted: prices read too far apartCosts to cover0.260%Break-even1.9 days
Slippage: Popdex: live order book, 6 min ago; edgeX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.864.4 bp−$46.7 bp−$67doesn’t fitdoesn’t fit
SELL · SHORTedgeX3.288.0 bp−$811.2 bp−$112doesn’t fitdoesn’t fit
Closing costs about the same again.
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