Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.53 | +0.0048 | pay 0.0006% / 1h | 27m 49s | $374K | $155K | 20x | Long Popdex | |
| SHORT | 119.39 | +0.0346 | get 0.0173% / 4h | 2h 27m | $80K | $283K | 10x | Short edgeX |
Price gap−0.119%
Funding gap+0.0298% /8h
Funding pays +$9 a day on $10k, but the gap is 0.073% under its 7d average: −$7 if it goes back, about 20 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$85+0.0298% /8h now · paid +0.850% over the last 7D
Price−$7spread −0.119% now, avg −0.045% → −0.073% if it goes back
Costs−$350.352% of $10k · taker + slippage, in and out
Result+$42+0.42%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · edgeX: 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−0.119%
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 interest6.2 / 11.5 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$8.93Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, +$10.37.
- Watch: Gap narrower than usual−0.119% vs −0.045%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short 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 legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0446%/8h × 21 periods+$93.63
Price spread−0.119% → −0.045% (7d avg)−$7.34
Slippage, 4 orderslive order books−$19.81
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$51.08
Costs to cover0.352%Break-even3.2 days
Slippage: Popdex: live order book, 5 min ago; edgeX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.266.2 bp−$620.0 bp−$200doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.3011.5 bp−$1220.8 bp−$208doesn’t fitdoesn’t fit
Closing costs about the same again.
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