Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.6579 | +0.0075 | pay 0.0075% / 8h | 7h 54m | $356K | $475K | 50x | Long Variational Omni+15% pts | |
| SHORT | 7.6510 | +0.0100 | get 0.0100% / 8h | 7h 54m | $1.6M | $2.6M | 50x | Short Phemex |
Price gap−0.090%
Funding gap+0.0025% /8h
Funding pays +$1 a day on $10k, but the gap is 0.190% under its 7d average: −$19 if it goes back, about 26 days of funding. At the last 7 days' pace that is about 11 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$257+0.0025% /8h now · paid +2.571% over the last 7D
Price−$19spread −0.090% now, avg +0.100% → −0.190% if it goes back
Costs−$910.913% of $10k · taker + slippage, in and out
Result+$147+1.47%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Variational Omninow
RANGE STATS · 7D
Now−0.090%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINJ on 24 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size20.8 / 25.7 bpAt $10k entering Phemex costs 25.7 bp, fee and slippage, 1.2× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.74Long Variational Omni: 3 payments, −$2.26; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.090% vs +0.100%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$356K vs $1.6M 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: KYCVariational Omni No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.1353%/8h × 21 periods+$284.03
Price spread−0.090% → +0.100% (7d avg)−$18.97
Slippage, 4 orderslive order books−$79.34
Fee Variational Omni bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k+$173.72
Costs to cover0.913%Break-even2.7 days
Slippage: Variational Omni: RFQ quote, 20 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.3720.8 bp−$2136.0 bp−$360doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.6125.7 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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