Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 194.22 | +0.4832 | pay 0.0604% / 1h | 26m 44s | $547K | $882K | 20x | Long Kraken Futures | |
| SHORT | 193.69 | +0.0048 | get 0.0006% / 1h | 26m 44s | $387K | $286K | 20x | Short Popdex |
Price gap−0.274%
Funding gap−0.4784% /8h
Both sides work against this direction now: funding costs $144 a day on $10k and the gap is 0.392% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$179−0.4784% /8h now · paid −1.793% over the last 7D
Price−$39spread −0.274% now, avg +0.118% → −0.392% if it goes back
Costs−$860.861% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −1.793% in total, about −0.0934%/8h on average.
Price and funding
1h · historyEntry / ExitKraken Futures: thin, under $1M open interest · Popdex: thin, under $1M open interest
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−0.274%
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
/8hSAMSUNG on 25 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size45.0 / 5.0 bpAt $10k entering Kraken Futures costs 45.0 bp, fee and slippage, 9.0× Popdex’s.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, Popdex 20x. 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: −$143.51Long Kraken Futures: 24 payments, −$144.95; short Popdex: 24 payments, +$1.44.
- Watch: Gap narrower than usual−0.274% vs +0.118%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$387K vs $547K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Popdex NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0934%/8h × 21 periods−$196.15
Price spread−0.274% → +0.118% (7d avg)−$39.23
Slippage, 4 orderslive order books−$69.74
Fee Kraken Futures bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$321.52
Costs to cover0.861%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 1 min ago; Popdex: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures14.4145.0 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex0.515.0 bp−$515.0 bp−$150doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | SAMSUNG/USD no longer reported ($SAMSUNG) seen by our collector |
| 09-25 19:30 | Vest Markets | Other | Heading into the close, Korean chip names are extending their advance, with $EWY up around 2.5% today. SK Hynix and Samsung Electronics, which make up nearly half the fund, are extending gains on AI memory demand. The fund is up around 135% over the past year and about 14% below its June high. @VestExchange on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market SAMSUNG/USD ($SAMSUNG) seen by our collector |


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