Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG3.0436+0.0100pay 0.0013% / 1h13m 03s$590K$509K10xLong Pacifica10% back
SHORT3.0411+0.0100get 0.0050% / 4h3h 13m$4.6M$2.9M50xShort Variational Omni+15% pts
Price gap−0.083%46s
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$8 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 forecast
Funding+$20.0000% /8h now · paid +0.024% over the last 7D
Price—spread −0.083%46s now · prices read too far apart to compare
Costs−$720.717% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropPacifica: points · Variational Omni: points · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.083%
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

/8h

LIT on 47 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size9.4 / 27.4 bp
    At $10k entering Variational Omni costs 27.4 bp, fee and slippage, 2.9× Pacifica’s.
  • Note: Margin at max leverage$1,000 + $200
    Pacifica 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Pacifica: 24 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
  • Watch: Prices read 46 s apart−0.083% vs −0.160%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$590K vs $4.6M OI
    Pacifica sets your exit cost. Check its book before closing.
  • OK: Points on a legPacifica points · Variational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legPacifica No · Variational Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0011%/8h × 21 periods+$2.38
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$63.71
Fee Pacifica bp × 2 orders−$8.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$69.32
price spread not counted: prices read too far apart
Costs to cover0.717%Break-even210.6 days
Slippage: Pacifica: live order book, 55 min ago; Variational Omni: RFQ quote, just now

Cost to enter

taker + slippage from mid, one side
BUY · LONGPacifica3.499.4 bp−$9126.5 bp−$1,265doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni2.8827.4 bp−$2750.8 bp−$508doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

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