Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 63.424 | +0.0099 | pay 0.0012% / 1h | 0m 43s | $9.3M | $275K | 10x | Long tradeXYZ | |
| SHORT | 63.530 | +0.0048 | get 0.0006% / 1h | 0m 43s | $107K | $111K | 20x | Short Popdex |
Price gap+0.167%
Funding gap−0.0051% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.6 days. At the last 7 days' pace that is about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$87−0.0051% /8h now · paid −0.872% over the last 7D
Price+$4spread +0.167% now, avg +0.128% → +0.039% if it goes back
Costs−$540.538% of $10k · taker + slippage, in and out
Result−$137−1.37%+ 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+0.167%
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
4 ok · 2 to watch- Watch: Thin at this size5.3 / 27.2 bpAt $10k entering Popdex costs 27.2 bp, fee and slippage, 5.1× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, Popdex 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: −$1.52Long tradeXYZ: 24 payments, −$2.96; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.167% vs +0.128%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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 legtradeXYZ No · Popdex 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+0.167% → +0.128% (7d avg)+$3.94
Slippage, 4 orderslive order books−$45.59
Fee tradeXYZ bp × 2 orders−$1.80
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$137.06
Costs to cover0.538%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 8 min ago; Popdex: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.505.3 bp−$525.2 bp−$252doesn’t fitdoesn’t fit
SELL · SHORTPopdex2.3627.2 bp−$2781.7 bp−$817doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 02:03 | SoDEX | Listing | 📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗ |
SoDEX