Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

SOFTBANK

RWAAll SOFTBANK markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PopdexSOFTBANKUSDT
27.120+0.0496pay 0.0062% / 1h9m 01s$296K$155K20xLong Popdex
SHORT
GateSOFTBANK_USDT
27.43000.0000% / 8h3h 09m$161K$5K20xShort Gate
Price gap+1.143%
Funding gap−0.0496% /8h

The gap pays +$71 on $10k if it goes back to its 7d average, but funding costs $15 a day and eats that in about 4.8 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$89−0.0496% /8h now · paid −0.887% over the last 7D
Price+$71spread +1.143% now, avg +0.429% → +0.714% if it goes back
Costs−$8278.273% of $10k · taker + slippage, in and out
Result−$845−8.45%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.143%
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

1 ok · 4 to watch
  • Watch: Thin at this size77.5 / 196.3 bp
    At $10k entering Gate costs 196.3 bp, fee and slippage, 2.5× Popdex’s.
  • Note: Margin at max leverage$500 + $500
    Popdex 20x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$14.88Long Popdex: 24 payments, −$14.88; short Gate: 3 payments, $0.00.
  • OK: Entry gap works for you+1.143% vs +0.429%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$161K vs $296K OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPopdex No · Gate Yes
    KYC before the futures account opens; 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−0.0422%/8h × 21 periods−$88.71
Price spread+1.143% → +0.429% (7d avg)+$71.40
Slippage, 4 orderslive order books−$805.92
Fee Popdex bp × 2 orders−$6.40
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$844.63
Costs to cover8.273%Break-evennever at this rate
Slippage: Popdex: live order book, 58 min ago; Gate: live order book, 52 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex16.5877.5 bp−$77174.7 bp−$1,747doesn’t fitdoesn’t fit
SELL · SHORTGate89.24196.3 bp−$196doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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