Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 112.36 | −0.0220 | get 0.0028% / 1h | 41m 55s | $15K | $230K | 10x | Long Injective | |
| SHORT | 116.48 | +0.0048 | get 0.0006% / 1h | 41m 55s | $362K | $207K | 20x | Short Popdex |
Price gap+3.667%46s
Funding gap+0.0268% /8h
Both sides work: funding pays +$8 a day on $10k, and the gap is 4.254% above its 7d average: +$425 more if it goes back.
The two prices were read 46 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+$11+0.0268% /8h now · paid +0.113% over the last 5 days (all we have)
Price—spread +3.667%46s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.113% in total, about +0.0070%/8h on average.
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 Injectivenow
RANGE STATS · 7D
Now+3.667%
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
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Injective’s order book right now.
- Note: Margin at max leverage$1,000 + $500Injective 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: +$8.04Long Injective: 24 payments, +$6.60; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 46 s apart+3.667% vs −0.587%Part of this gap may be the market moving.
- Watch: Long leg is thinner$15K vs $362K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legInjective No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0070%/8h × 21 periods+$14.78
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Injective bp × 2 orders−$0.02
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Injective: live order book, 42 min ago; Popdex: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective33.55doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex0.867.1 bp−$721.2 bp−$212doesn’t fitdoesn’t fit
Closing costs about the same again.
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