Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 31.400 | 0 | 0.0000% / 8h | 1h 52m | $585K | $338K | 25x | Long Bybit | |
| SHORT | 31.350 | +0.0048 | get 0.0006% / 1h | 52m 43s | $102K | $245K | 20x | Short Popdex |
Price gap−0.159%52s
Funding gap+0.0048% /8h
Funding pays +$1 a day on $10k, but the gap is 0.087% under its 7d average: −$9 if it goes back, about 6.1 days of funding. At the last 7 days' pace that is about 14 days.
The two prices were read 52 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+$4+0.0048% /8h now · paid +0.036% over the last 6 days (all we have)
Price—spread −0.159%52s now · prices read too far apart to compare
Costs−$1681.683% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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 Bybitnow
RANGE STATS · 7D
Now−0.159%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMINIMAX on 18 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size39.4 / 52.6 bpAt $10k entering Popdex costs 52.6 bp, fee and slippage, 1.3× Bybit’s.
- Note: Margin at max leverage$400 + $500Bybit 25x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.44Long Bybit: 3 payments, $0.00; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 52 s apart−0.159% vs −0.072%Part of this gap may be the market moving.
- Watch: Short leg is thinner$102K vs $585K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · Popdex NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0021%/8h × 21 periods+$4.32
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$150.91
Fee Bybit bp × 2 orders−$11.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$163.99
price spread not counted: prices read too far apartCosts to cover1.683%Break-even272.6 days
Slippage: Bybit: live order book, 23 min ago; Popdex: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit4.8039.4 bp−$39467.3 bp−$4,673doesn’t fitdoesn’t fit
SELL · SHORTPopdex7.9752.6 bp−$53doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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