Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,064.2 | +0.0048 | pay 0.0006% / 1h | 43m 20s | $421K | $712K | 20x | Long Popdex | |
| SHORT | 1,064.1 | +0.0180 | get 0.0022% / 1h | 43m 20s | $181.3M | $159.3M | 10x | Short tradeXYZ |
Price gap−0.006%
Funding gap+0.0132% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.025% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0132% /8h now · paid −0.012% over the last 7D
Price+$2spread −0.006% now, avg −0.030% → +0.025% if it goes back
Costs−$190.186% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdroptradeXYZ: points · 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−0.006%
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
5 ok · 1 to watch- OK: Fits both order books9.4 / 1.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, tradeXYZ 10x. 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: +$3.96Long Popdex: 24 payments, −$1.44; short tradeXYZ: 24 payments, +$5.40.
- OK: Entry gap works for you−0.006% vs −0.030%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$421K vs $181.3M 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 legPopdex No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0006%/8h × 21 periods−$1.24
Price spread−0.006% → −0.030% (7d avg)+$2.48
Slippage, 4 orderslive order books−$10.37
Fee Popdex bp × 2 orders−$6.40
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$17.33
Costs to cover0.186%Break-evennever at this rate
Slippage: Popdex: live order book, 57 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.579.4 bp−$949.7 bp−$497doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ0.471.5 bp−$13.0 bp−$307.3 bp−$73124.9 bp−$12.4K
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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