Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2965 | +0.0100 | pay 0.0050% / 4h | 58m 37s | $550K | $51K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.2971 | −0.0236 | pay 0.0118% / 4h | 58m 37s | $4.5M | $1.3M | 25x | Short Bybit |
Price gap+0.200%
Funding gap−0.0336% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 23 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$67−0.0336% /8h now · paid −0.667% over the last 7D
Price+$10spread +0.200% now, avg +0.105% → +0.095% if it goes back
Costs−$2702.696% of $10k · taker + slippage, in and out
Result−$327−3.27%+ 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+0.200%
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
/8hMET on 21 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size114.5 / 37.9 bpAt $10k entering Variational Omni costs 114.5 bp, fee and slippage, 3.0× Bybit’s.
- Note: Margin at max leverage$200 + $400Variational Omni 50x, Bybit 25x. 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: −$10.07Long Variational Omni: 6 payments, −$3.00; short Bybit: 6 payments, −$7.07.
- OK: Entry gap works for you+0.200% vs +0.105%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$550K vs $4.5M 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−0.0318%/8h × 21 periods−$66.70
Price spread+0.200% → +0.105% (7d avg)+$9.51
Slippage, 4 orderslive order books−$258.56
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$326.75
Costs to cover2.696%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 15 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni5.05114.5 bp−$114220.5 bp−$2,205doesn’t fitdoesn’t fit
SELL · SHORTBybit3.3737.9 bp−$38159.6 bp−$1,596doesn’t fitdoesn’t fit
Closing costs about the same again.
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