SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXSOFTBANK-USDT	40.749	0	0.0000% / 1h	52m 44s	$5K	$181K	20x	Long HTX
SHORT	PopdexSOFTBANKUSDT	41.090	+0.0048	get 0.0006% / 1h	52m 44s	$394K	$1.1M	20x	Short Popdex

Price gap+0.837%

Funding gap+0.0048% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.728% above its 7d average: +$73 more if it goes back.

If you open now and hold

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

Funding+$12+0.0048% /8h now · paid +0.124% over the last 6 days (all we have)

Price+$73spread +0.837% now, avg +0.109% → +0.728% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$85+0.85%no pointscosts unknown: book too thin at $10k · What 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 HTXnow

RANGE STATS · 7D

Now+0.837%

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

2 ok · 3 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than HTX’s order book right now.
Note: Margin at max leverage$500 + $500
HTX 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.44Long HTX: 24 payments, $0.00; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.837% vs +0.109%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$5K vs $394K OI
HTX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCHTX Limited · Popdex No
No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0070%/8h × 21 periods+$14.79

Price spread+0.837% → +0.109% (7d avg)+$72.81

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee HTX bp × 2 orders−$12.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: HTX: live order book, 30 min ago; Popdex: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHTX61.91doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPopdex8.5162.8 bp−$6371.5 bp−$715doesn’t fitdoesn’t fit

Closing costs about the same again.