Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,097.1 | +0.0048 | pay 0.0006% / 1h | 57m 09s | $112K | $236K | 20x | Long Popdex | |
| SHORT | 1,096.6 | +0.0713 | get 0.0089% / 1h | 57m 09s | $783K | $333K | 20x | Short tradeXYZ |
Price gap−0.046%
Funding gap+0.0665% /8h
Funding pays +$20 a day on $10k, but the gap is 0.025% under its 7d average: −$3 if it goes back, about 3 hours of funding. At the last 7 days' pace that is about 7 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$42+0.0665% /8h now · paid +0.424% over the last 5 days (all we have)
Price−$3spread −0.046% now, avg −0.021% → −0.025% if it goes back
Costs−$1881.884% of $10k · taker + slippage, in and out
Result−$149−1.49%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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
tradeXYZ price against Popdexnow
RANGE STATS · 7D
Now−0.046%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hKR200 on 6 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size51.2 / 38.2 bpAt $10k entering Popdex costs 51.2 bp, fee and slippage, 1.3× tradeXYZ’s.
- Note: Margin at max leverage$500 + $500Popdex 20x, tradeXYZ 20x. 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: +$19.96Long Popdex: 24 payments, −$1.44; short tradeXYZ: 24 payments, +$21.40.
- Watch: Gap narrower than usual−0.046% vs −0.021%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$112K vs $783K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0273%/8h × 21 periods+$57.40
Price spread−0.046% → −0.021% (7d avg)−$2.55
Slippage, 4 orderslive order books−$163.97
Fee Popdex bp × 2 orders−$6.40
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$133.52
Costs to cover1.884%Break-even23.3 days
Slippage: Popdex: live order book, 45 min ago; tradeXYZ: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex5.8751.2 bp−$51doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ6.3838.2 bp−$38doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 16:32 | Extended | Listing | Now available to trade: $KR200 (KOSPI 200) with up to 20x leverage @extendedapp on X ↗ |


Extended