SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexSOFTBANKUSDT	38.280	+0.0048	pay 0.0006% / 1h	56m 53s	$385K	$494K	20x	Long Popdex
SHORT	tradeXYZxyz:SOFTBANK	38.276	+0.0035	get 0.0004% / 1h	56m 53s	$1.7M	$1.1M	10x	Short tradeXYZ

Price gap−0.010%48s

Funding gap−0.0013% /8h

Funding costs $0 a day on $10k at the current rate. Swap the legs.

The two prices were read 48 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 forecast

Funding−$71−0.0013% /8h now · paid −0.711% over the last 5 days (all we have)

Price—spread −0.010%48s now · prices read too far apart to compare

Costs−$2072.066% of $10k · taker + slippage, in and out

Result—+ Points / potential airdroptradeXYZ: points · farm boardneeds 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

tradeXYZ price against Popdexnow

RANGE STATS · 7D

Now−0.010%

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

3 ok · 3 to watch

Watch: Thin at this size78.8 / 21.6 bp
At $10k entering Popdex costs 78.8 bp, fee and slippage, 3.7× tradeXYZ’s.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, tradeXYZ 10x. 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: −$0.39Long Popdex: 24 payments, −$1.44; short tradeXYZ: 24 payments, +$1.05.
Watch: Prices read 48 s apart−0.010% vs −0.010%
Part of this gap may be the market moving.
Watch: Long leg is thinner$385K vs $1.7M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legtradeXYZ points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · tradeXYZ No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0459%/8h × 21 periods−$96.32

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$182.18

Fee Popdex bp × 2 orders−$6.40

Fee tradeXYZ bp × 2 orders−$18.00

Net · 7 days · $10k−$302.90

price spread not counted: prices read too far apart

Costs to cover2.066%Break-evennever at this rate

Slippage: Popdex: live order book, 46 min ago; tradeXYZ: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex11.7478.8 bp−$7998.2 bp−$982doesn’t fitdoesn’t fit

SELL · SHORTtradeXYZ1.7021.6 bp−$22doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.