Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 116.64 | +0.0104 | pay 0.0013% / 1h | 16m 55s | $363K | $185K | 20x | Long Popdex | |
| SHORT | 115.59 | +0.0088 | get 0.0011% / 1h | 16m 55s | $308K | $757K | 10x | Short Coinbase International |
Price gap−0.900%
Funding gap−0.0016% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.789% under its 7d average. Swap the legs.
Funding on this pair paid 0.102% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.0016% /8h now · paid +0.102% over the last 6 days (all we have)
Price−$79spread −0.900% now, avg −0.111% → −0.789% if it goes back
Costs−$330.329% 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
Coinbase International price against Popdexnow
RANGE STATS · 7D
Now−0.900%
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- OK: Fits both order books6.5 / 9.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Coinbase International 10x. 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: −$0.48Long Popdex: 24 payments, −$3.12; short Coinbase International: 24 payments, +$2.64.
- Watch: Gap narrower than usual−0.900% vs −0.111%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$308K vs $363K OICoinbase International sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Coinbase International YesID 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+$12.04
Price spread−0.900% → −0.111% (7d avg)−$78.91
Slippage, 4 orderslive order books−$16.54
Fee Popdex bp × 2 orders−$6.40
Fee Coinbase International bp × 2 orders−$10.00
Net · 7 days · $10k−$99.80
Costs to cover0.329%Break-even65.0 days
Slippage: Popdex: live order book, 61 min ago; Coinbase International: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.306.5 bp−$618.0 bp−$180doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International4.299.3 bp−$913.9 bp−$139doesn’t fitdoesn’t fit
Closing costs about the same again.
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