Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 115.59 | +0.0152 | pay 0.0019% / 1h | 2m 52s | $308K | $776K | 10x | Long Coinbase International | |
| SHORT | 116.10 | +0.0048 | get 0.0006% / 1h | 2m 52s | $362K | $184K | 20x | Short Popdex |
Price gap+0.441%
Funding gap−0.0104% /8h
The gap pays +$33 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 11 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0104% /8h now · paid −0.102% over the last 6 days (all we have)
Price+$33spread +0.441% now, avg +0.110% → +0.331% if it goes back
Costs−$350.347% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Popdex price against Coinbase Internationalnow
RANGE STATS · 7D
Now+0.441%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINTC on 35 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books11.2 / 6.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Coinbase International 10x, 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: −$3.12Long Coinbase International: 24 payments, −$4.56; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.441% vs +0.110%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$308K vs $362K OICoinbase International sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Popdex NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0057%/8h × 21 periods−$12.05
Price spread+0.441% → +0.110% (7d avg)+$33.13
Slippage, 4 orderslive order books−$18.28
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$13.59
Costs to cover0.347%Break-evennever at this rate
Slippage: Coinbase International: live order book, 36 min ago; Popdex: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International5.1811.2 bp−$1116.1 bp−$161doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.306.8 bp−$714.6 bp−$146doesn’t fitdoesn’t fit
Closing costs about the same again.
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