Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,096.9 | +0.0752 | pay 0.0094% / 1h | 38m 48s | $783K | $340K | 20x | Long tradeXYZ | |
| SHORT | 1,097.3 | +0.0048 | get 0.0006% / 1h | 38m 48s | $113K | $236K | 20x | Short Popdex |
Price gap+0.033%48s
Funding gap−0.0704% /8h
Funding costs $21 a day on $10k at the current rate. Swap the legs.
The two prices were read 48 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−$42−0.0704% /8h now · paid −0.424% over the last 5 days (all we have)
Price—spread +0.033%48s now · prices read too far apart to compare
Costs−$1631.634% of $10k · taker + slippage, in and out
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
Popdex price against tradeXYZnow
RANGE STATS · 7D
Now+0.033%
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 size20.9 / 69.2 bpAt $10k entering Popdex costs 69.2 bp, fee and slippage, 3.3× tradeXYZ’s.
- Note: Margin at max leverage$500 + $500tradeXYZ 20x, Popdex 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: −$21.12Long tradeXYZ: 24 payments, −$22.56; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 48 s apart+0.033% vs +0.021%Part of this gap may be the market moving.
- Watch: Short leg is thinner$113K 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 legtradeXYZ No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0275%/8h × 21 periods−$57.72
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$139.01
Fee tradeXYZ bp × 2 orders−$18.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$221.13
price spread not counted: prices read too far apartCosts to cover1.634%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 61 min ago; Popdex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ5.0320.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex5.8769.2 bp−$69doesn’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