Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4663 | +0.0100 | pay 0.0100% / 8h | 2h 33m | $1.3M | $2.2M | 50x | Long Phemex | |
| SHORT | 0.4664 | +0.0100 | get 0.0100% / 8h | 2h 33m | $404K | $272K | 50x | Short Variational Omni+15% pts |
Price gap+0.012%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$50.0000% /8h now · paid −0.047% over the last 6 days (all we have)
Price+$11spread +0.012% now, avg −0.097% → +0.109% if it goes back
Costs−$1141.140% of $10k · taker + slippage, in and out
Result−$108−1.08%+ 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
Variational Omni price against Phemexnow
RANGE STATS · 7D
Now+0.012%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLDO on 29 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size36.4 / 21.1 bpAt $10k entering Phemex costs 36.4 bp, fee and slippage, 1.7× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, Variational Omni 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: $0.00Long Phemex: 3 payments, −$3.00; short Variational Omni: 3 payments, +$3.00.
- OK: Entry gap works for you+0.012% vs −0.097%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$404K vs $1.3M 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: KYCPhemex Yes · Variational Omni NoKYC 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−0.0027%/8h × 21 periods−$5.64
Price spread+0.012% → −0.097% (7d avg)+$10.93
Slippage, 4 orderslive order books−$102.01
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$108.72
Costs to cover1.140%Break-evennever at this rate
Slippage: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 31 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.1336.4 bp−$36doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.2121.1 bp−$2133.7 bp−$337doesn’t fitdoesn’t fit
Closing costs about the same again.