Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 63.510 | +0.0048 | pay 0.0006% / 1h | 48m 01s | $107K | $110K | 20x | Long Popdex | |
| SHORT | 63.376 | −0.0118 | pay 0.0015% / 1h | 48m 01s | $9.3M | $276K | 10x | Short tradeXYZ |
Price gap−0.211%
Funding gap−0.0166% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.083% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$87−0.0166% /8h now · paid +0.872% over the last 7D
Price−$8spread −0.211% now, avg −0.128% → −0.083% if it goes back
Costs−$530.535% of $10k · taker + slippage, in and out
Result+$25+0.25%+ Points / potential airdroptradeXYZ: points · farm boardWhat 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−0.211%
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
/8hZHIPU on 21 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size25.0 / 3.8 bpAt $10k entering Popdex costs 25.0 bp, fee and slippage, 6.6× tradeXYZ’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, tradeXYZ 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: −$4.99Long Popdex: 24 payments, −$1.44; short tradeXYZ: 24 payments, −$3.55.
- Watch: Gap narrower than usual−0.211% vs −0.128%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$107K vs $9.3M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0415%/8h × 21 periods+$87.20
Price spread−0.211% → −0.128% (7d avg)−$8.34
Slippage, 4 orderslive order books−$45.26
Fee Popdex bp × 2 orders−$6.40
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k+$25.40
Costs to cover0.535%Break-even5.0 days
Slippage: Popdex: live order book, 55 min ago; tradeXYZ: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.3625.0 bp−$2577.7 bp−$777doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ1.903.8 bp−$428.9 bp−$289doesn’t fitdoesn’t fit
Closing costs about the same again.
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