Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 29,143 | +0.0048 | pay 0.0006% / 1h | 47m 55s | $453K | $190K | 20x | Long Popdex | |
| SHORT | 29,070.8 | −0.0043 | pay 0.0043% / 8h | 2h 47m | $23K | $79K | 20x | Short Orderly |
Price gap−0.248%
Funding gap−0.0091% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.248% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0091% /8h now · paid −0.056% over the last 7D
Price—spread −0.248% now · no price history on both exchanges yet
Costsno datano order book for Orderly
Result, before costs—no pointsneeds both price histories
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−0.248%
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 · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$500 + $500Popdex 20x, Orderly 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: −$2.74Long Popdex: 24 payments, −$1.44; short Orderly: 3 payments, −$1.30.
- Note: No 7-day spread history−0.248%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$23K vs $453K OIOrderly 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 · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0026%/8h × 21 periods−$5.55
Price spread−0.248% → 0−$24.77
Slippage, 4 ordersno data for Orderly—
Fee Popdex bp × 2 orders−$6.40
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$42.73
Costs to cover0.124%Break-evennever at this rate
Slippage: Popdex: live order book, 65 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.544.7 bp−$55.8 bp−$5810.5 bp−$1,054doesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
| 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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| 10-04 20:17 | Aftermath Perps | Listing | You can now long or short US100 (100 largest non-financial companies listed on Nasdaq) with up to 10x leverage. @AftermathFi on X ↗ |
| 10-04 18:00 | Variational Omni | Other | Variational is the cheapest place to trade US500, US100, Gold, and many other traditional markets on-chain. Liquidity is aggregated from existing sources, instead of independently rebuilt on-chain. Swaps currently follow TradFi hours. As they move toward 24/7, so do swaps. @variational_io on X ↗ |
| 10-03 10:27 | Paradex | Product | Crude oil $CL options are live on Paradex 🔥 24/7 Options on Everything Our 4th RWA options launch this week: Mon: US500 Wed: US100 Fri: GOLD Sat: CRUDE OIL Trade Oil options with zero fees on Paradex: @paradex on X ↗ |
| 10-03 10:26 | Paradex | Product | Crude oil $CL options are live on Paradex 🔥 24/7 Options on Everything Our 4th RWA options launch this week: Mon: US500 Wed: US100 Fri: GOLD Sat: Crude Oil Trade Oil options with zero fees on Paradex: @paradex on X ↗ |

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