Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,069 | +0.0227 | pay 0.0227% / 8h | 1h 15m | $149.7M | $792.9M | 50x | Long Binance | |
| SHORT | 1,069.3 | +0.0072 | get 0.0009% / 1h | 15m 54s | $425K | $714K | 20x | Short Popdex |
Price gap+0.030%53s
Funding gap−0.0155% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 16 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.0155% /8h now · paid +0.103% over the last 7D
Price—spread +0.030%53s now · prices read too far apart to compare
Costs−$170.174% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.030%
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
/8hMU on 40 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books5.2 / 3.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $500Binance 50x, 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: −$4.65Long Binance: 3 payments, −$6.81; short Popdex: 24 payments, +$2.16.
- Watch: Prices read 53 s apart+0.030% vs −0.001%Part of this gap may be the market moving.
- Watch: Short leg is thinner$425K vs $149.7M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · Popdex NoVerified 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+0.0052%/8h × 21 periods+$11.01
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$3.01
Fee Binance bp × 2 orders−$8.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$6.40
price spread not counted: prices read too far apartCosts to cover0.174%Break-even11.1 days
Slippage: Binance: live order book, 15 min ago; Popdex: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance0.285.2 bp−$57.5 bp−$7517.4 bp−$1,737doesn’t fit
SELL · SHORTPopdex0.383.7 bp−$45.7 bp−$57doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 20:09 | Backpack | Other | JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗ |
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| 09-30 19:45 | Vest Markets | Other | $MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗ |
| 09-30 19:11 | Polymarket Perps | Other | MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗ |
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| 09-30 15:30 | Phoenix | Other | $MU reports full fiscal year earnings today, after the market closes. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗ |


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