SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	tradeXYZxyz:SOFTBANK	38.319	−0.1510	get 0.0189% / 1h	38m 42s	$1.7M	$1.2M	10x	Long tradeXYZ
SHORT	PopdexSOFTBANKUSDT	38.290	+0.0048	get 0.0006% / 1h	38m 42s	$385K	$494K	20x	Short Popdex

Price gap−0.076%48s

Funding gap+0.1558% /8h

Funding pays +$47 a day on $10k, but the gap is 0.086% under its 7d average: −$9 if it goes back, about 4 hours of funding. At the last 7 days' pace that is about 15 hours.

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+0.1558% /8h now · paid +0.711% over the last 5 days (all we have)

Price—spread −0.076%48s now · prices read too far apart to compare

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

Result, before costs—+ Points / potential airdroptradeXYZ: points · farm boardneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.711% in total, about +0.0461%/8h on average.

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 tradeXYZnow

RANGE STATS · 7D

Now−0.076%

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

Problem: Doesn’t fit the books—
$10k a leg is deeper than tradeXYZ’s order book right now.
Note: Margin at max leverage$1,000 + $500
tradeXYZ 10x, 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: +$46.73Long tradeXYZ: 24 payments, +$45.29; short Popdex: 24 payments, +$1.44.
Watch: Prices read 48 s apart−0.076% vs +0.010%
Part of this gap may be the market moving.
Watch: Short 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 legtradeXYZ No · Popdex 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+0.0461%/8h × 21 periods+$96.86

Price spreadprices read too far apart to compare—

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

Fee tradeXYZ bp × 2 orders−$18.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k—

doesn’t fit the books at $10kprice spread not counted: prices read too far apart

Costs to cover—Break-even—

Slippage: tradeXYZ: live order book, 9 min ago; Popdex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGtradeXYZ7.83doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPopdex11.7493.7 bp−$9496.9 bp−$969doesn’t fitdoesn’t fit

Closing costs about the same again.