Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 352.21 | +0.0048 | pay 0.0006% / 1h | 27m 55s | $391K | $178K | 20x | Long Popdex | |
| SHORT | 351.58 | +0.0273 | get 0.0034% / 1h | 27m 55s | $1.1M | $578K | 20x | Short Phoenix |
Price gap−0.179%119s
Funding gap+0.0225% /8h
Funding pays +$7 a day on $10k, but the gap is 0.180% under its 7d average: −$18 if it goes back, about 2.7 days of funding.
The two prices were read 119 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 −0.179%119s now · prices read too far apart to compare
Costs−$290.292% 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−0.179%
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 books4.6 / 10.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Phoenix 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 Popdex: 24 payments, −$1.44; short Phoenix: 24 payments, +$8.19.
- Watch: Prices read 119 s apart−0.179% vs +0.001%Part of this gap may be the market moving.
- Watch: Long leg is thinner$391K 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 legPopdex No · Phoenix 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+$35.33
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$15.78
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$6.15
price spread not counted: prices read too far apartCosts to cover0.292%Break-even5.8 days
Slippage: Popdex: live order book, 5 min ago; Phoenix: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.004.6 bp−$56.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.8510.2 bp−$1020.8 bp−$208doesn’t fitdoesn’t fit
Closing costs about the same again.
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