Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 122.44 | +0.0048 | pay 0.0006% / 1h | 58m 14s | $379K | $170K | 20x | Long Popdex | |
| SHORT | 122.31 | 0 | 0.0000% / 1h | 58m 14s | $28K | $624K | 10x | Short Deribit |
Price gap−0.106%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.048% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3−0.0048% /8h now · paid +0.031% over the last 7D
Price−$5spread −0.106% now, avg −0.058% → −0.048% if it goes back
Costs−$360.358% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
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−0.106%
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
1 ok · 4 to watch- Watch: Large against open interest6.6 / 6.1 bp$10k is over 10% of Deribit’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Deribit 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: −$1.44Long Popdex: 24 payments, −$1.44; short Deribit: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.106% vs −0.058%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$28K vs $379K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0015%/8h × 21 periods+$3.16
Price spread−0.106% → −0.058% (7d avg)−$4.78
Slippage, 4 orderslive order books−$22.36
Fee Popdex bp × 2 orders−$6.40
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$37.39
Costs to cover0.358%Break-even89.9 days
Slippage: Popdex: live order book, 15 min ago; Deribit: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.646.6 bp−$714.7 bp−$147doesn’t fitdoesn’t fit
SELL · SHORTDeribit0.416.1 bp−$610.0 bp−$100doesn’t fitdoesn’t fit
Closing costs about the same again.
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