Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 61.150 | 0 | 0.0000% / 4h | 57m 00s | $7K | $955K | 20x | Long SunX≤10% back | |
| SHORT | 61.085 | +0.0048 | get 0.0006% / 1h | 57m 00s | $482K | $409K | 20x | Short Popdex |
Price gap−0.106%
Funding gap+0.0048% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$28+0.0048% /8h now · paid +0.276% over the last 7D
Price$0spread −0.106% now, avg −0.108% → +0.002% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$28+0.28%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
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−0.106%
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
/8hXAG on 46 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$500 + $500SunX 20x, 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: +$1.44Long SunX: 6 payments, $0.00; short Popdex: 24 payments, +$1.44.
- Note: Gap at its usual level−0.106% vs −0.108%The price leg adds little either way.
- Watch: Long leg is thinner$7K vs $482K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0133%/8h × 21 periods+$27.93
Price spread−0.106% → −0.108% (7d avg)+$0.19
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 56 min ago; Popdex: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX500.77doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex0.984.3 bp−$49.3 bp−$93doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 18:40 | Hotstuff | Listing | SILVER-PERP no longer reported ($XAG) seen by our collector |
| 09-30 07:14 | Aster | Listing | new market SIUSDT ($XAG) seen by our collector |
| 09-30 03:46 | Gate | Listing | new market SI_USDT ($XAG) seen by our collector |
| 09-28 15:17 | Ondo Perps | Product | Introducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗ |
| 09-26 13:03 | MEXC | Listing | new market SI_USDT ($XAG) seen by our collector |
| 09-24 04:18 | BingX | Listing | new market SI-USDT ($XAG) seen by our collector |


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