Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.36 | +0.0869 | pay 0.0434% / 4h | 1h 30m | $80K | $282K | 10x | Long edgeX | |
| SHORT | 119.44 | +0.0048 | get 0.0006% / 1h | 30m 11s | $374K | $156K | 20x | Short Popdex |
Price gap+0.063%60s
Funding gap−0.0821% /8h
Funding costs $25 a day on $10k at the current rate. Swap the legs.
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−$85−0.0821% /8h now · paid −0.850% over the last 7D
Price—spread +0.063%60s now · prices read too far apart to compare
Costs−$350.352% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitedgeX: thin, under $1M open interest · Popdex: 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+0.063%
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
/8hINTC on 37 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest11.4 / 6.1 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$24.63Long edgeX: 6 payments, −$26.07; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 60 s apart+0.063% vs +0.045%Part of this gap may be the market moving.
- Watch: Long leg is thinner$80K vs $374K 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 legedgeX No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0443%/8h × 21 periods−$92.99
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$19.81
Fee edgeX bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$128.20
price spread not counted: prices read too far apartCosts to cover0.352%Break-evennever at this rate
Slippage: edgeX: live order book, 62 min ago; Popdex: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX6.3011.4 bp−$1121.0 bp−$210doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.266.1 bp−$612.4 bp−$124doesn’t fitdoesn’t fit
Closing costs about the same again.
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