Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,306.9 | +0.0048 | pay 0.0006% / 1h | 54m 07s | $392K | $380K | 20x | Long Popdex | |
| SHORT | 1,306.9 | 0 | 0.0000% / 8h | 5h 54m | $1.1M | $793K | 10x | Short Phemex |
Price gap+0.002%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.027% 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−$13−0.0048% /8h now · paid −0.134% over the last 7D
Price−$3spread +0.002% now, avg +0.028% → −0.027% if it goes back
Costs−$1061.058% 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+0.002%
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
/8hSKHYNIX on 26 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size4.7 / 45.8 bpAt $10k entering Phemex costs 45.8 bp, fee and slippage, 9.7× Popdex’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Phemex 10x. 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: −$1.44Long Popdex: 24 payments, −$1.44; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.002% vs +0.028%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$392K vs $1.1M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0066%/8h × 21 periods−$13.94
Price spread+0.002% → +0.028% (7d avg)−$2.67
Slippage, 4 orderslive order books−$87.42
Fee Popdex bp × 2 orders−$6.40
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$122.44
Costs to cover1.058%Break-evennever at this rate
Slippage: Popdex: live order book, 26 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.774.7 bp−$58.1 bp−$81doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.2145.8 bp−$46doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:07 | RISEx | Points | Micron reports after the US close on September 30. The entire memory trades will take its cue from that print. For the next two weeks, these three get a 20% boost on points: $MU $SKHYNIX $NVDA Trade Memory Week on RISEx @risextrade on X ↗ |
| 09-28 19:52 | gTrade (Gains Network) | Listing | SKHYNIX/USD no longer reported ($SKHYNIX) seen by our collector |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 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 ↗ |
| 09-24 11:42 | RISEx | Other | Happy Trading $NVDA: $SKHYNIX: @risextrade on X ↗ |
| 09-24 11:42 | RISEx | Other | $NVDA at 20x for compute. $SKHYNIX at 10x for the memory Your AI thesis has more legs now, and 24/7 too on RISEx @risextrade on X ↗ |


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