Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.72 | +0.0048 | pay 0.0006% / 1h | 6m 08s | $374K | $155K | 20x | Long Popdex | |
| SHORT | 119.72 | +0.0201 | get 0.0025% / 1h | 6m 08s | $43K | $121K | 10x | Short Phoenix |
Price gap0.000%59s
Funding gap+0.0153% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.051% above its 7d average: +$5 more if it goes back.
The two prices were read 59 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+$24+0.0153% /8h now · paid +0.239% over the last 7D
Price—spread 0.000%59s now · prices read too far apart to compare
Costs−$360.365% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Phoenix: 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
Now0.000%
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 · 3 to watch- Watch: Large against open interest7.1 / 11.1 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Phoenix 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: +$4.59Long Popdex: 24 payments, −$1.44; short Phoenix: 24 payments, +$6.03.
- Watch: Prices read 59 s apart0.000% vs −0.051%Part of this gap may be the market moving.
- Watch: Short leg is thinner$43K vs $374K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0126%/8h × 21 periods+$26.38
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$23.10
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$10.11
price spread not counted: prices read too far apartCosts to cover0.365%Break-even9.7 days
Slippage: Popdex: live order book, 31 min ago; Phoenix: live order book, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.097.1 bp−$713.5 bp−$135doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.3611.1 bp−$1123.8 bp−$238doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 15:30 | Vest Markets | Other | Chip names are leading the market lower, with $AMD down around 5% and $INTC around 6%. $AMD is giving back part of the advance that took it above a $1 trillion market cap last week, with $SNDK down around 5% and $MU around 4%. Treasury yields are back at 2007 levels, with crude higher alongside Trump's rejection of Iran's proposal to reopen the Strait of Hormuz. @VestExchange on X ↗ |
| 09-25 18:00 | Vest Markets | Other | Intel's 42% monthly rally is cooling off, with $INTC down around 2.5% today. Chief executive Lip-Bu Tan says the chipmaker can fill only about half of AI-related CPU demand, with the shares trading near 11x sales. Trade $INTC volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-25 00:50 | Injective | Token | The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗ |
| 09-23 11:55 | Kraken Futures | Listing | new market PF_INTCUSD ($INTC) seen by our collector |
| 09-22 14:06 | Kalshi | Other | JUST IN: The US government’s Intel stake is up about $44 billion after shares hit $121.78 @Kalshi on X ↗ |
| 09-21 15:00 | Vest Markets | Other | On the session, $AMD crossed a $1 trillion market capitalization for the first time, up close to 10% at a 52-week high. The move extends a rebound in AI chip names, with reports pointing to roughly 10% price increases across its GPUs and CPUs starting in the fourth quarter. $INTC is up around 12% and $ARM around 14%, with Korea's KOSPI reclaiming 7,000 on record semiconductor exports. @VestExchange on X ↗ |


Injective
Kraken Futures
Kalshi