Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 352.96 | +0.0720 | pay 0.0360% / 4h | 1h 25m | $381K | $1.4M | 10x | Long edgeX | |
| SHORT | 352.45 | +0.0048 | get 0.0006% / 1h | 25m 48s | $391K | $177K | 20x | Short Popdex |
Price gap−0.144%60s
Funding gap−0.0672% /8h
Both sides work against this direction now: funding costs $20 a day on $10k and the gap is 0.162% under its 7d average. Swap the legs.
The two prices were read 60 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−$27−0.0672% /8h now · paid −0.271% over the last 7D
Price—spread −0.144%60s now · prices read too far apart to compare
Costs−$280.275% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.271% in total, about −0.0141%/8h on average.
Price and funding
1h · historyEntry / ExitedgeX: thin, under $1M open interest · Popdex: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.144%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books8.9 / 4.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$20.15Long edgeX: 6 payments, −$21.59; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 60 s apart−0.144% vs +0.018%Part of this gap may be the market moving.
- Watch: Long leg is thinner$381K vs $391K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0141%/8h × 21 periods−$29.60
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$12.13
Fee edgeX bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$57.13
price spread not counted: prices read too far apartCosts to cover0.275%Break-evennever at this rate
Slippage: edgeX: live order book, 3 min ago; Popdex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX4.258.9 bp−$911.9 bp−$119doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.434.4 bp−$47.1 bp−$71doesn’t fitdoesn’t fit
Closing costs about the same again.
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