Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,070.4 | +0.0048 | pay 0.0006% / 1h | 57m 50s | $424K | $429K | 20x | Long Popdex | |
| SHORT | 1,070 | +0.0152 | get 0.0019% / 1h | 57m 50s | $1.4M | $3.3M | 20x | Short Lighter7d free |
Price gap−0.041%
Funding gap+0.0104% /8h
Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
Funding on this pair cost 0.085% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9+0.0104% /8h now · paid −0.085% over the last 7D
Price−$1spread −0.041% now, avg −0.032% → −0.009% if it goes back
Costs−$90.087% of $10k · taker + slippage, in and out
Result−$18−0.18%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest
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−0.041%
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 · 1 to watch- OK: Fits both order books4.0 / 0.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Lighter 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: +$3.12Long Popdex: 24 payments, −$1.44; short Lighter: 24 payments, +$4.56.
- Note: Gap at its usual level−0.041% vs −0.032%The price leg adds little either way.
- Watch: Long leg is thinner$424K vs $1.4M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0045%/8h × 21 periods−$9.36
Price spread−0.041% → −0.032% (7d avg)−$0.89
Slippage, 4 orderslive order books−$2.31
Fee Popdex bp × 2 orders−$6.40
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$18.96
Costs to cover0.087%Break-evennever at this rate
Slippage: Popdex: live order book, 35 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.704.0 bp−$49.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTLighter0.090.1 bp$00.8 bp−$819.5 bp−$1,954doesn’t fit
Closing costs about the same again.
| 09-30 17:30 | MEXC | Other | $MU has been ripping into earnings. Now the market gets the next read on margins, capex, and AI demand. 👀 Same event. Different instincts. Which read sounds like you? 👇 #MEXCTradFi #MEXC0FEE @MEXC on X ↗ |
| 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 ↗ |
| 09-30 14:19 | Phemex | Other | $MU earnings after the close. Consensus is already sitting near the company’s own Q4 guide. So the move won’t come from “did they print $50B.” It comes from the next sentence: HBM allocation, memory pricing, and FY27 guidance. $MU last close ~$1,065. Resistance: $1,096–$1,106 Support: $1,044–$1,048 Guidance raise, hold, or tighten, that’s the volatility. @Phemex_official on X ↗ |
| 09-30 12:00 | MEXC | Other | $MU is up ~280% YTD heading into earnings. 👀 What moves the next leg: margins or capex? @MEXC on X ↗ |
| 09-30 08:02 | BingX | Other | $MU’s next move could come down to what management says next. See what matters heading into earnings 👇 @BingXOfficial on X ↗ |
| 09-30 06:30 | MEXC | Other | $MU is up nearly 280% this year. Now comes the harder test. 👀 Can guidance keep the memory trade alive? @MEXC_Research breaks down what matters before earnings. 👇 @MEXC on X ↗ |


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