Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.042%
Price spread now: OKX against edgeX−0.007%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1971.973% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.007%, 7d avg −0.053%
=Together, before fees−0.014%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.046% dearer against edgeX than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.053%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX POPMARTUSDC | 19.751 | 0.0426 | pay 0.0213% / 4h | 39m 17s | $200K | $234K | 10x |
| Short | OKX POPMART-USDT-SWAP | 19.750 | 0.0206 | get 0.0206% / 8h | 4h 39m | $278K | $83K | 20x |
edgeX POPMARTUSDC
OKX POPMART-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.14
- Price spread: −0.007% → −0.053%
- $4.58
- Slippage, 4 orders
- −$178.35
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$238.91
- Costs to cover
- 1.973%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 18 min ago; OKX: live order book, 16 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 18 min ago | 12.61 bp | 43.6 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 16 min ago | 2.52 bp | 50.1 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
POPMART on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POPMARTUSDT | 0.0000% | 8h | 19.730 | −0.108% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDT | 0.0000% | 8h | 19.804 | +0.267% | $292K | $16K | 20x | as long as short |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.757 | +0.029% | $465K | $66K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.750 | −0.007% | $7K | $7K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.727 | −0.123% | — | — | 10x | as long as short |
| OKX POPMART-USDT-SWAPshort | +0.0206% | 8h | 19.750 | −0.007% | $278K | $83K | 20x | |
| edgeX POPMARTUSDClong | +0.0426% | 4h | 19.751 | long leg | $200K | $234K | 10x | |
| Aster POPMARTUSDT | +0.0439% | 8h | 19.738 | −0.066% | $16K | $4K | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0768% | 4h | 19.730 | −0.108% | $30K | $47K | 20x | as long as short |
| Binance POPMARTUSDT | +0.1145% | 4h | 19.740 | −0.057% | $1.4M | $480K | 25x | as long as short |
Bybit POPMARTUSDT
Gate POPMART_USDT
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
Aster POPMARTUSDT
KuCoin POPMARTUSDTM
Binance POPMARTUSDT