Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 40.760 | +0.0048 | pay 0.0006% / 1h | 45m 46s | $382K | $1.0M | 20x | Long Popdex | |
| SHORT | 40.601 | 0 | 0.0000% / 8h | 1h 45m | $4.9M | $3.4M | 20x | Short Bitget |
Price gap−0.390%45s
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.487% under its 7d average. Swap the legs.
Funding on this pair paid 0.119% over the last 7 days: the rate has only just turned. The two prices were read 45 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+$12−0.0048% /8h now · paid +0.119% over the last 6 days (all we have)
Price—spread −0.390%45s now · prices read too far apart to compare
Costs−$1941.936% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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
Bitget price against Popdexnow
RANGE STATS · 7D
Now−0.390%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSOFTBANK on 6 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size79.2 / 23.9 bpAt $10k entering Popdex costs 79.2 bp, fee and slippage, 3.3× Bitget’s.
- Note: Margin at max leverage$500 + $500Popdex 20x, Bitget 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 Bitget: 3 payments, $0.00.
- Watch: Prices read 45 s apart−0.390% vs +0.097%Part of this gap may be the market moving.
- Watch: Long leg is thinner$382K vs $4.9M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0071%/8h × 21 periods+$14.99
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$175.23
Fee Popdex bp × 2 orders−$6.40
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$178.64
price spread not counted: prices read too far apartCosts to cover1.936%Break-even90.4 days
Slippage: Popdex: live order book, 3 min ago; Bitget: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex13.4879.2 bp−$7982.6 bp−$826doesn’t fitdoesn’t fit
SELL · SHORTBitget3.8223.9 bp−$2472.0 bp−$720doesn’t fitdoesn’t fit
Closing costs about the same again.