Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 29,034 | +0.0048 | pay 0.0006% / 1h | 26m 28s | $452K | $107K | 20x | Long Popdex | |
| SHORT | 29,009 | +0.0270 | get 0.0270% / 8h | 1h 26m | $536K | $76K | 20x | Short OKX |
Price gap−0.086%
Funding gap+0.0222% /8h
Funding pays +$7 a day on $10k, but the gap is 0.043% 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+$36+0.0222% /8h now · paid +0.361% over the last 7D
Price−$4spread −0.086% now, avg −0.043% → −0.043% if it goes back
Costs−$250.250% of $10k · taker + slippage, in and out
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−0.086%
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
/8hNAS100 on 22 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books4.7 / 11.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, OKX 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: +$6.67Long Popdex: 24 payments, −$1.44; short OKX: 3 payments, +$8.11.
- Watch: Gap narrower than usual−0.086% vs −0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$452K vs $536K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0172%/8h × 21 periods+$36.11
Price spread−0.086% → −0.043% (7d avg)−$4.29
Slippage, 4 orderslive order books−$8.65
Fee Popdex bp × 2 orders−$6.40
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k+$6.78
Costs to cover0.250%Break-even5.7 days
Slippage: Popdex: live order book, 47 min ago; OKX: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.524.7 bp−$55.3 bp−$537.6 bp−$759doesn’t fit
SELL · SHORTOKX0.1711.4 bp−$1131.9 bp−$319doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-14 15:01 | Variational Omni | Other | Yesterday, a trader on Variational executed a $2M US100 short with under 1 bip in execution costs. TradFi liquidity, now on-chain with swaps. @variational_io on X ↗ |
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