Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,995.3 | +0.0048 | pay 0.0006% / 1h | 49m 02s | $668K | $149K | 20x | Long Popdex | |
| SHORT | 3,993.8 | 0 | 0.0000% / 1h | 49m 02s | $145K | $36K | 10x | Short Bullet |
Price gap−0.037%
Funding gap−0.0048% /8h
Funding costs $1 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$48−0.0048% /8h now · paid +0.480% over the last 7D
Price−$1spread −0.037% now, avg −0.025% → −0.012% if it goes back
Costs−$160.157% of $10k · taker + slippage, in and out
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−0.037%
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
/8hXAU on 43 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- OK: Fits both order books3.7 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Bullet 10x. 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: −$1.44Long Popdex: 24 payments, −$1.44; short Bullet: 24 payments, $0.00.
- Note: Gap at its usual level−0.037% vs −0.025%The price leg adds little either way.
- Watch: Short leg is thinner$145K vs $668K OIBullet 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 · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0229%/8h × 21 periods+$48.00
Price spread−0.037% → −0.025% (7d avg)−$1.20
Slippage, 4 orderslive order books−$9.34
Fee Popdex bp × 2 orders−$6.40
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k+$31.06
Costs to cover0.157%Break-even2.5 days
Slippage: Popdex: live order book, 56 min ago; Bullet: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.503.7 bp−$44.0 bp−$4012.6 bp−$1,256doesn’t fit
SELL · SHORTBullet1.885.6 bp−$615.6 bp−$156doesn’t fitdoesn’t fit
Closing costs about the same again.
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