Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against MEXC−0.072%7-day average +0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2562.563% of the position
Funding, last 4 days (all we have)+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.072%, 7d avg +0.151%
=Funding pays, the price is against you. Popdex is 0.222% cheaper against MEXC than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.151%). If the spread goes back, that is −$22 on $10k: about 15 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC JP225_USDT | 66,705 | 0 | get 0.0000% / 8h | 5h 00m | $408K | $147K | 50x |
| Short | Popdex JP225USDT | 66,657 | 0.0048 | get 0.0006% / 1h | 0m 34s | $287 | $116K | 20x |
MEXC JP225_USDT
Popdex JP225USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.08
- Price spread: −0.072% → +0.151%
- −$22.25
- Slippage, 4 orders
- −$249.92
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$268.49
- Costs to cover
- 2.563%
- Break-even
- 193.4 days
Slippage from MEXC: live order book, 45 min ago; Popdex: live order book, 63 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 45 min ago | 4.87 bp | 107.7 bp −$108 | 285.5 bp −$2,855 | 518.4 bp −$51.8K | doesn't fit |
| Sell Popdex live order book, 63 min ago | 4.56 bp | 9.6 bp −$10 | 37.2 bp −$372 | doesn't fit | doesn't fit |
JP225 on 7 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JP225-USDT-SWAP | 0.0000% | 8h | 66,686 | −0.028% | $52K | $66K | 10x | as long as short |
| MEXC JP225_USDTlong | 0.0000% | 8h | 66,705 | long leg | $408K | $147K | 50x | |
| Bitget JP225USDT | 0.0000% | 8h | 66,648 | −0.085% | $366K | $188K | 20x | as long as short |
| Extended JP225-USD | +0.0048% | 1h | 66,646 | −0.088% | $6K | — | 25x | as long as short |
| Popdex JP225USDTshort | +0.0048% | 1h | 66,657 | −0.072% | $287 | $116K | 20x | |
| tradeXYZ xyz:JP225 | +0.0050% | 1h | 66,646 | −0.088% | $3.6M | $1.8M | 20x | as long as short |
| HTX JP225-USDT | +0.0050% | 1h | 66,747.3 | +0.063% | $434 | $433K | 20x | as long as short |
OKX JP225-USDT-SWAP
Bitget JP225USDT
Extended JP225-USD
tradeXYZ xyz:JP225
HTX JP225-USDT