Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04196 | +0.0195 | pay 0.0098% / 4h | 1h 33m | $386K | $30K | 20x | Long BloFin | |
| SHORT | 0.04174 | +0.0100 | get 0.0050% / 4h | 1h 33m | $3K | $112K | 50x | Short Variational Omni+15% pts |
Price gap−0.528%
Funding gap−0.0095% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.236% 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−$4−0.0095% /8h now · paid −0.037% over the last 7D
Price−$24spread −0.528% now, avg −0.292% → −0.236% if it goes back
Costs−$1,38313.828% of $10k · taker + slippage, in and out
Result−$1,410−14.10%+ Points / potential airdropVariational Omni: 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−0.528%
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
/8hARC on 14 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size33.4 / 428.1 bpAt $10k entering Variational Omni costs 428.1 bp, fee and slippage, 12.8× BloFin’s.
- Note: Margin at max leverage$500 + $200BloFin 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.85Long BloFin: 6 payments, −$5.85; short Variational Omni: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.528% vs −0.292%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$3K vs $386K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCBloFin Limited · Variational Omni NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0018%/8h × 21 periods−$3.70
Price spread−0.528% → −0.292% (7d avg)−$23.63
Slippage, 4 orderslive order books−$1,370.80
Fee BloFin bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$1,410.13
Costs to cover13.828%Break-evennever at this rate
Slippage: BloFin: live order book, 17 min ago; Variational Omni: RFQ quote, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin4.7633.4 bp−$33doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni5.98428.1 bp−$428831.0 bp−$8,310doesn’t fitdoesn’t fit
Closing costs about the same again.
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