Funding arb · Price arb / Crypto
LIGHT
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2410 | +0.0100 | pay 0.0050% / 4h | 2h 48m | $12K | $131K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.2417 | +0.0100 | get 0.0050% / 4h | 2h 48m | $2.8M | $20.1M | 12.5x | Short Bybit |
Price gap+0.283%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$24 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+$150.0000% /8h now · paid +0.151% over the last 7D
Price+$24spread +0.283% now, avg +0.041% → +0.242% if it goes back
Costs−$6436.428% of $10k · taker + slippage, in and out
Result−$604−6.04%+ 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+0.283%
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
/8hLIGHT on 11 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size276.7 / 78.7 bpAt $10k entering Variational Omni costs 276.7 bp, fee and slippage, 3.5× Bybit’s.
- Note: Margin at max leverage$200 + $800Variational Omni 50x, Bybit 12.5x. 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you+0.283% vs +0.041%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$12K vs $2.8M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0072%/8h × 21 periods+$15.14
Price spread+0.283% → +0.041% (7d avg)+$24.20
Slippage, 4 orderslive order books−$631.85
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$603.51
Costs to cover6.428%Break-even286.0 days
Slippage: Variational Omni: RFQ quote, 10 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni8.26276.7 bp−$277524.6 bp−$5,246doesn’t fitdoesn’t fit
SELL · SHORTBybit3.1078.7 bp−$79377.7 bp−$3,777doesn’t fitdoesn’t fit
Closing costs about the same again.