Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 32.060 | +0.0048 | pay 0.0006% / 1h | 23m 24s | $104K | $246K | 20x | Long Popdex | |
| SHORT | 32.069 | +0.0104 | get 0.0052% / 4h | 2h 23m | $24K | $148K | 10x | Short edgeX |
Price gap+0.028%
Funding gap+0.0056% /8h
Funding pays +$2 a day on $10k, but the gap is 0.023% under its 7d average: −$2 if it goes back, about 33 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6+0.0056% /8h now · paid +0.056% over the last 6 days (all we have)
Price−$2spread +0.028% now, avg +0.051% → −0.023% if it goes back
Costs−$2732.727% of $10k · taker + slippage, in and out
Result−$269−2.69%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.028%
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 18 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size33.3 / 100.2 bpAt $10k entering edgeX costs 100.2 bp, fee and slippage, 3.0× Popdex’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. 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: +$1.67Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, +$3.11.
- Watch: Gap narrower than usual+0.028% vs +0.051%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$24K vs $104K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0031%/8h × 21 periods+$6.49
Price spread+0.028% → +0.051% (7d avg)−$2.26
Slippage, 4 orderslive order books−$257.34
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$268.52
Costs to cover2.727%Break-even296.7 days
Slippage: Popdex: live order book, 8 min ago; edgeX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.1233.3 bp−$33doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX14.04100.2 bp−$100doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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