Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 354.16 | +0.0273 | pay 0.0034% / 1h | 58m 40s | $1.1M | $539K | 20x | Long Phoenix | |
| SHORT | 354.08 | +0.0048 | get 0.0006% / 1h | 58m 40s | $393K | $175K | 20x | Short Popdex |
Price gap−0.023%59s
Funding gap−0.0225% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.022% under its 7d average. Swap the legs.
The two prices were read 59 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−$32−0.0225% /8h now · paid −0.321% over the last 7D
Price—spread −0.023%59s now · prices read too far apart to compare
Costs−$300.296% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / ExitPopdex: 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−0.023%
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 · 2 to watch- OK: Fits both order books10.4 / 4.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Phoenix 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$6.75Long Phoenix: 24 payments, −$8.19; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 59 s apart−0.023% vs −0.001%Part of this gap may be the market moving.
- Watch: Short leg is thinner$393K vs $1.1M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0168%/8h × 21 periods−$35.22
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.25
Fee Phoenix bp × 2 orders−$7.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$64.87
price spread not counted: prices read too far apartCosts to cover0.296%Break-evennever at this rate
Slippage: Phoenix: live order book, 4 min ago; Popdex: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.1110.4 bp−$1021.3 bp−$213doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.004.2 bp−$47.4 bp−$74doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 16:00 | Kalshi | Other | BREAKING: 80% chance Tesla and SpaceX merge before 2028 — an all-time high. @Kalshi on X ↗ |
| 09-29 12:10 | Kalshi | Other | BREAKING: Tesla cuts China prices for the 2nd time in 20 days @Kalshi on X ↗ |
| 09-29 10:03 | Bybit | Other | 🚀 6 new tickers just landed, bringing Bybit Perp Options to 8 powerhouse assets! Trade Perp Options on SPCX, NVDA, TSLA, SKHY, MU, QQQ, SNDK & SOXL, and join the Wall Street Blue-Chip Options Challenge. 🏆 70K USDT in prizes up for grabs. @Bybit_Official on X ↗ |
| 09-29 08:05 | KuCoin | Contest | 100,000 USDT Prize pool with NVDA, TSLA Rewards. Join our First TradFi Futures Spin (100% Win Rate!) with as little as 100 USDT. Trade (around the clock) and spin daily: @kucoincom on X ↗ |
| 09-29 07:57 | KuCoin | Contest | 100,000 USDT Prize pool with NVDA, TSLA Rewards. Join our First TradFi Futures Spin (100% Win Rate!) with as little as 100 USDT. Trade (around the clock) and spin daily: (Socials) @kucoincom on X ↗ |
| 09-29 05:00 | Bybit | Other | Bybit Perp Options are here. We just added 6 NEW tickers, bringing our lineup to 8 powerhouses: 🚀 SPCX | NVDA | TSLA | SKHY | MU | QQQ | SNDK | SOXL Trade US equity options starting from just 1 share, 24/7, settled in USDT, all from one account. @Bybit_Official on X ↗ |
Kalshi
Bybit
KuCoin