Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,070.7 | +0.0096 | pay 0.0012% / 1h | 27m 37s | $428K | $439K | 20x | Long Popdex | |
| SHORT | 1,070.4 | +0.0298 | get 0.0037% / 1h | 27m 37s | $552K | $98K | 15x | Short Phoenix |
Price gap−0.029%
Funding gap+0.0202% /8h
Funding pays +$6 a day on $10k, but the gap is 0.037% under its 7d average: −$4 if it goes back, about 15 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$49+0.0202% /8h now · paid +0.487% over the last 7D
Price−$4spread −0.029% now, avg +0.008% → −0.037% if it goes back
Costs−$300.302% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitPopdex: thin, under $1M open interest · Phoenix: 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−0.029%
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
3 ok · 2 to watch- OK: Fits both order books4.0 / 11.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667Popdex 20x, Phoenix 15x. 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: +$6.06Long Popdex: 24 payments, −$2.88; short Phoenix: 24 payments, +$8.94.
- Watch: Gap narrower than usual−0.029% vs +0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$428K vs $552K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0255%/8h × 21 periods+$53.60
Price spread−0.029% → +0.008% (7d avg)−$3.74
Slippage, 4 orderslive order books−$16.79
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$19.67
Costs to cover0.302%Break-even4.4 days
Slippage: Popdex: live order book, 5 min ago; Phoenix: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.704.0 bp−$49.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.8011.1 bp−$1123.7 bp−$237doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |
| 09-30 03:58 | HTX | Token | 10 trades. 3 alpha setups 👀 $ETH → ETF flows strong despite the chop $NVDA → Added $150B stock buyback plan $MU → Memory cycle heats up, earnings tonight which one has your eyes? Trade TradFi 24/7 on @HTXFutures @HTX_Global on X ↗ |


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