Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 31.107 | +0.1440 | pay 0.0180% / 1h | 17m 54s | $4.1M | $1.7M | 10x | Long tradeXYZ | |
| SHORT | 31.140 | +0.0112 | get 0.0014% / 1h | 17m 54s | $101K | $207K | 20x | Short Popdex |
Price gap+0.106%
Funding gap−0.1328% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $40 a day and eats that in about 5 hours. At the last 7 days' pace that is about 9.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.1328% /8h now · paid −0.046% over the last 5 days (all we have)
Price+$8spread +0.106% now, avg +0.025% → +0.081% if it goes back
Costs−$1071.071% of $10k · taker + slippage, in and out
Result−$104−1.04%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 5 days it paid −0.046% in total, about −0.0029%/8h on average.
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+0.106%
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
4 ok · 2 to watch- Watch: Thin at this size15.2 / 43.0 bpAt $10k entering Popdex costs 43.0 bp, fee and slippage, 2.8× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, 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: −$39.84Long tradeXYZ: 24 payments, −$43.20; short Popdex: 24 payments, +$3.36.
- OK: Entry gap works for you+0.106% vs +0.025%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$101K vs $4.1M 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−0.0029%/8h × 21 periods−$6.18
Price spread+0.106% → +0.025% (7d avg)+$8.10
Slippage, 4 orderslive order books−$82.72
Fee tradeXYZ bp × 2 orders−$18.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$105.20
Costs to cover1.071%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 10 min ago; Popdex: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.7715.2 bp−$15doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex6.4443.0 bp−$43doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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