Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 351.92 | +0.0048 | pay 0.0006% / 1h | 28m 57s | $391K | $178K | 20x | Long Popdex | |
| SHORT | 352.11 | +0.0360 | get 0.0360% / 8h | 6h 28m | $19.4M | $17.3M | 100x | Short Bitget |
Price gap+0.054%53s
Funding gap+0.0312% /8h
Funding trade: +$9 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
The two prices were read 53 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+$34+0.0312% /8h now · paid +0.342% over the last 7D
Price—spread +0.054%53s now · prices read too far apart to compare
Costs−$240.241% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Entry / 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+0.054%
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 38 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books4.6 / 7.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $100Popdex 20x, Bitget 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$9.36Long Popdex: 24 payments, −$1.44; short Bitget: 3 payments, +$10.80.
- Watch: Prices read 53 s apart+0.054% vs +0.063%Part of this gap may be the market moving.
- Watch: Long leg is thinner$391K vs $19.4M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0179%/8h × 21 periods+$37.67
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$5.68
Fee Popdex bp × 2 orders−$6.40
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k+$13.59
price spread not counted: prices read too far apartCosts to cover0.241%Break-even4.5 days
Slippage: Popdex: live order book, 4 min ago; Bitget: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.004.6 bp−$56.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTBitget0.577.6 bp−$88.1 bp−$8118.4 bp−$1,83755.7 bp−$27.8K
Closing costs about the same again.
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