Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 22.180 | +0.0048 | pay 0.0006% / 1h | 16m 38s | $103K | $403K | 20x | Long Popdex | |
| SHORT | 22.168 | 0 | 0.0000% / 4h | 3h 16m | $7.2M | $32.0M | 25x | Short Binance |
Price gap−0.054%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.053% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$42−0.0048% /8h now · paid +0.418% over the last 7D
Price−$5spread −0.054% now, avg 0.000% → −0.053% if it goes back
Costs−$910.914% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
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
Now−0.054%
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
/8hMINIMAX on 21 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size29.1 / 14.5 bpAt $10k entering Popdex costs 29.1 bp, fee and slippage, 2.0× Binance’s.
- Note: Margin at max leverage$500 + $400Popdex 20x, Binance 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short Binance: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.054% vs 0.000%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$103K vs $7.2M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0199%/8h × 21 periods+$41.85
Price spread−0.054% → 0.000% (7d avg)−$5.34
Slippage, 4 orderslive order books−$77.01
Fee Popdex bp × 2 orders−$6.40
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$54.90
Costs to cover0.914%Break-even16.2 days
Slippage: Popdex: live order book, 13 min ago; Binance: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex6.7829.1 bp−$2993.8 bp−$938doesn’t fitdoesn’t fit
SELL · SHORTBinance4.5214.5 bp−$1428.9 bp−$289171.2 bp−$17.1Kdoesn’t fit
Closing costs about the same again.
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