Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 353.91 | +0.0048 | pay 0.0006% / 1h | 57m 14s | $393K | $175K | 20x | Long Popdex | |
| SHORT | 354.05 | +0.0840 | get 0.0420% / 4h | 1h 57m | $383K | $1.3M | 10x | Short edgeX |
Price gap+0.039%
Funding gap+0.0792% /8h
Both sides work: funding pays +$24 a day on $10k, and the gap is 0.057% above its 7d average: +$6 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$27+0.0792% /8h now · paid +0.271% over the last 7D
Price+$6spread +0.039% now, avg −0.018% → +0.057% if it goes back
Costs−$270.268% of $10k · taker + slippage, in and out
Result+$6+0.06%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.271% in total, about +0.0142%/8h on average.
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest · edgeX: 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+0.039%
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
4 ok · 2 to watch- OK: Fits both order books4.6 / 9.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$23.76Long Popdex: 24 payments, −$1.44; short edgeX: 6 payments, +$25.20.
- OK: Entry gap works for you+0.039% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$383K vs $393K 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 legPopdex No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0142%/8h × 21 periods+$29.77
Price spread+0.039% → −0.018% (7d avg)+$5.73
Slippage, 4 orderslive order books−$11.38
Fee Popdex bp × 2 orders−$6.40
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$8.71
Costs to cover0.268%Break-even5.0 days
Slippage: Popdex: live order book, 35 min ago; edgeX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.004.6 bp−$56.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTedgeX4.249.0 bp−$912.3 bp−$123doesn’t fitdoesn’t fit
Closing costs about the same again.
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