SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetSOFTBANKUSDT	40.680	+0.0073	pay 0.0073% / 8h	2h 30m	$4.9M	$3.4M	20x	Long Bitget
SHORT	PopdexSOFTBANKUSDT	41.020	+0.0048	get 0.0006% / 1h	30m 29s	$384K	$1.0M	20x	Short Popdex

Price gap+0.836%

Funding gap−0.0025% /8h

The gap pays +$94 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4 months. At the last 7 days' pace that is about 43 days.

If you open now and hold

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

Funding−$12−0.0025% /8h now · paid −0.119% over the last 6 days (all we have)

Price+$94spread +0.836% now, avg −0.103% → +0.939% if it goes back

Costs−$1671.672% of $10k · taker + slippage, in and out

Result−$85−0.85%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Bitgetnow

RANGE STATS · 7D

Now+0.836%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOFTBANK on 6 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size11.4 / 56.0 bp
At $10k entering Popdex costs 56.0 bp, fee and slippage, 4.9× Bitget’s.
Note: Margin at max leverage$500 + $500
Bitget 20x, 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: −$0.75Long Bitget: 3 payments, −$2.19; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.836% vs −0.103%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$384K vs $4.9M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · Popdex No
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0072%/8h × 21 periods−$15.15

Price spread+0.836% → −0.103% (7d avg)+$93.93

Slippage, 4 orderslive order books−$148.77

Fee Bitget bp × 2 orders−$12.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$88.40

Costs to cover1.672%Break-evennever at this rate

Slippage: Bitget: live order book, 3 min ago; Popdex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget3.6911.4 bp−$1115.3 bp−$153doesn’t fitdoesn’t fit

SELL · SHORTPopdex3.6656.0 bp−$5675.5 bp−$755doesn’t fitdoesn’t fit

Closing costs about the same again.