SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSOFTBANK2JPY-USDT	30.340	−0.0050	get 0.0050% / 8h	3h 12m	$937K	$1.3M	—	Long BingX
SHORT	PopdexSOFTBANKUSDT	30.280	+0.1288	get 0.0161% / 1h	12m 22s	$335K	$134K	20x	Short Popdex

Price gap−0.198%

Funding gap+0.1338% /8h

Funding pays +$40 a day on $10k, but the gap is 0.118% under its 7d average: −$12 if it goes back, about 7 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$145+0.1338% /8h now · paid +1.451% over the last 7D

Price−$12spread −0.198% now, avg −0.079% → −0.118% if it goes back

Costs−$3633.630% of $10k · taker + slippage, in and out

Result−$230−2.30%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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−0.198%

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

/8h

SOFTBANK on 8 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size131.5 / 80.3 bp
At $10k entering BingX costs 131.5 bp, fee and slippage, 1.6× Popdex’s.
Note: Margin at max leverage— + $500
BingX —, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$40.14Long BingX: 3 payments, +$1.50; short Popdex: 24 payments, +$38.64.
Watch: Gap narrower than usual−0.198% vs −0.079%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$335K vs $937K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Popdex No
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0691%/8h × 21 periods+$145.08

Price spread−0.198% → −0.079% (7d avg)−$11.83

Slippage, 4 orderslive order books−$346.64

Fee BingX bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$229.80

Costs to cover3.630%Break-even18.1 days

Slippage: BingX: live order book, 4 min ago; Popdex: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX6.59131.5 bp−$131485.4 bp−$4,854598.8 bp−$59.9K898.9 bp−$449.5K

SELL · SHORTPopdex18.1880.3 bp−$8096.1 bp−$961doesn’t fitdoesn’t fit

Closing costs about the same again.