Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,067.1 | +0.0048 | pay 0.0006% / 1h | 41m 18s | $423K | $718K | 20x | Long Popdex | |
| SHORT | 1,067.6 | +0.0100 | get 0.0100% / 8h | 41m 18s | $21.5M | $41.8M | 20x | Short Aster≤10% back |
Price gap+0.044%
Funding gap+0.0052% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14+0.0052% /8h now · paid −0.145% over the last 7D
Price+$3spread +0.044% now, avg +0.016% → +0.028% if it goes back
Costs−$210.207% of $10k · taker + slippage, in and out
Result−$32−0.32%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.044%
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
4 ok · 2 to watch- OK: Fits both order books3.9 / 8.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.56Long Popdex: 24 payments, −$1.44; short Aster: 3 payments, +$3.00.
- OK: Entry gap works for you+0.044% vs +0.016%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$423K vs $21.5M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0073%/8h × 21 periods−$15.34
Price spread+0.044% → +0.016% (7d avg)+$2.79
Slippage, 4 orderslive order books−$6.33
Fee Popdex bp × 2 orders−$6.40
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$33.28
Costs to cover0.207%Break-evennever at this rate
Slippage: Popdex: live order book, 54 min ago; Aster: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.383.9 bp−$411.1 bp−$111doesn’t fitdoesn’t fit
SELL · SHORTAster0.058.8 bp−$912.0 bp−$120doesn’t fitdoesn’t fit
Closing costs about the same again.
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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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