Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 40.970 | +0.0048 | pay 0.0006% / 1h | 24m 04s | $106K | $120K | 20x | Long Popdex | |
| SHORT | 40.930 | 0 | 0.0000% / 8h | 2h 24m | $509K | $437K | 20x | Short OKX |
Price gap−0.098%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.072% 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−$9−0.0048% /8h now · paid −0.094% over the last 7D
Price−$7spread −0.098% now, avg −0.026% → −0.072% if it goes back
Costs−$1931.925% 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−0.098%
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 · 5 to watch- Watch: Thin at this size45.8 / 30.7 bpAt $10k entering Popdex costs 45.8 bp, fee and slippage, 1.5× OKX’s.
- Note: Margin at max leverage$500 + $500Popdex 20x, OKX 20x. 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 OKX: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.098% vs −0.026%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$106K vs $509K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0048%/8h × 21 periods−$10.13
Price spread−0.098% → −0.026% (7d avg)−$7.15
Slippage, 4 orderslive order books−$176.12
Fee Popdex bp × 2 orders−$6.40
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$209.80
Costs to cover1.925%Break-evennever at this rate
Slippage: Popdex: live order book, 15 min ago; OKX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex3.6545.8 bp−$46doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX7.3230.7 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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