Settings8H · net · $10k
Funding arb · Price arb /

POPMART

RWAall POPMART markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0847%/8h= −92.8% APRnext payment $4.24 per $10,000 · paid last 24h +0.032%
Price spread now: KuCoin against edgeX−0.062%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX POPMARTUSDC19.7020.0947pay 0.0474% / 4h1h 52m$199K$234K10x
ShortKuCoin POPMARTUSDTM19.6900.0100get 0.0050% / 4h1h 52m$30K$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$177.96
Price spread: −0.062% → 0.000%
−$6.19
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$205.15
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 54 min ago; KuCoin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 54 min ago15.20 bp42.3 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell KuCoin no order-book sample
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

POPMART on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance POPMARTUSDT0.0000%4h19.705+0.014%$1.4M$408K25xas long as short
Bybit POPMARTUSDT0.0000%8h19.690−0.062%$57K$3K25xas long as short
OKX POPMART-USDT-SWAP0.0000%8h19.690−0.062%$275K$96K20xas long as short
Gate POPMART_USDT0.0000%8h19.751+0.248%$292K$11K20xas long as short
Bitget POPMARTUSDT0.0000%8h19.701−0.006%$479K$85K20xas long as short
HTX POPMART-USDT0.0000%4h19.760+0.293%$7K$5K10xas long as short
Lighter POPMART+0.0032%1h19.638−0.326%10xas long as short
Aster POPMARTUSDT+0.0080%8h19.671−0.159%$16K$4K20xas long as short
KuCoin POPMARTUSDTMshort+0.0100%4h19.690−0.062%$30K$35K20x
edgeX POPMARTUSDClong+0.0947%4h19.702long leg$199K$234K10x