Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.200 | 0 | 0.0000% / 8h | 2h 55m | $951K | $270K | 25x | Long Bybit | |
| SHORT | 42.230 | +0.0048 | get 0.0006% / 1h | 55m 02s | $111K | $119K | 20x | Short Popdex |
Price gap+0.071%
Funding gap+0.0048% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0048% /8h now · paid +0.113% over the last 6 days (all we have)
Price+$2spread +0.071% now, avg +0.051% → +0.020% if it goes back
Costs−$1771.774% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.071%
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
/8hSMCI on 19 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size12.7 / 54.2 bpAt $10k entering Popdex costs 54.2 bp, fee and slippage, 4.3× Bybit’s.
- Note: Margin at max leverage$400 + $500Bybit 25x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.44Long Bybit: 3 payments, $0.00; short Popdex: 24 payments, +$1.44.
- Note: Gap at its usual level+0.071% vs +0.051%The price leg adds little either way.
- Watch: Short leg is thinner$111K vs $951K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · Popdex NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0061%/8h × 21 periods+$12.86
Price spread+0.071% → +0.051% (7d avg)+$1.98
Slippage, 4 orderslive order books−$159.99
Fee Bybit bp × 2 orders−$11.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$162.55
Costs to cover1.774%Break-even95.5 days
Slippage: Bybit: live order book, 9 min ago; Popdex: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit2.3712.7 bp−$13164.3 bp−$1,643doesn’t fitdoesn’t fit
SELL · SHORTPopdex4.7454.2 bp−$54doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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