Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 41.050 | +0.0048 | pay 0.0006% / 1h | 11m 51s | $105K | $122K | 20x | Long Popdex | |
| SHORT | 40.940 | +0.0231 | get 0.0029% / 1h | 11m 51s | $298K | $14K | 10x | Short Paragon |
Price gap−0.268%49s
Funding gap+0.0183% /8h
Funding pays +$6 a day on $10k, but the gap is 0.215% under its 7d average: −$21 if it goes back, about 3.9 days of funding.
The two prices were read 49 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$41+0.0183% /8h now · paid +0.405% over the last 6 days (all we have)
Price—spread −0.268%49s now · prices read too far apart to compare
Costs−$1451.453% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.268%
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
2 ok · 3 to watch- Watch: Thin at this size36.1 / 27.5 bpAt $10k entering Popdex costs 36.1 bp, fee and slippage, 1.3× Paragon’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Paragon 10x. 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: +$5.50Long Popdex: 24 payments, −$1.44; short Paragon: 24 payments, +$6.94.
- Watch: Prices read 49 s apart−0.268% vs −0.053%Part of this gap may be the market moving.
- Watch: Long leg is thinner$105K vs $298K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPopdex No · Paragon NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0218%/8h × 21 periods+$45.73
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$137.06
Fee Popdex bp × 2 orders−$6.40
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$99.52
price spread not counted: prices read too far apartCosts to cover1.453%Break-even22.2 days
Slippage: Popdex: live order book, 54 min ago; Paragon: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex4.7436.1 bp−$36doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTParagon26.4927.5 bp−$2782.7 bp−$827doesn’t fitdoesn’t fit
Closing costs about the same again.
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