Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.7321 | +0.1414 | pay 0.0177% / 1h | 59m 14s | $1K | $437K | 10x | Long Aftermath Perps5% off | |
| SHORT | 2.7296 | +0.0100 | get 0.0050% / 4h | 3h 59m | $4.4M | $11.8M | 50x | Short Variational Omni+15% pts |
Price gap−0.092%
Funding gap−0.1314% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $39 a day and eats that in about 3 hours. At the last 7 days' pace that is about 7 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$113−0.1314% /8h now · paid −1.128% over the last 7D
Price+$5spread −0.092% now, avg −0.139% → +0.047% if it goes back
Costs−$1311.313% of $10k · taker + slippage, in and out
Result−$239−2.39%+ 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−0.092%
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
/8hLIT on 45 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size30.6 / 30.8 bpAt $10k entering Variational Omni costs 30.8 bp, fee and slippage, 1.0× Aftermath Perps’s.
- Note: Margin at max leverage$1,000 + $200Aftermath Perps 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$39.41Long Aftermath Perps: 24 payments, −$42.41; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you−0.092% vs −0.139%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$1K vs $4.4M OIAftermath Perps sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legAftermath Perps No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0537%/8h × 21 periods−$112.77
Price spread−0.092% → −0.139% (7d avg)+$4.65
Slippage, 4 orderslive order books−$122.35
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$239.46
Costs to cover1.313%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 34 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps26.0730.6 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni5.2930.8 bp−$3151.1 bp−$511402.5 bp−$40.2Kdoesn’t fit
Closing costs about the same again.
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