Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3130 | +0.0100 | pay 0.0050% / 4h | 3h 18m | $571K | $75K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.3134 | −0.0128 | pay 0.0064% / 4h | 3h 18m | $1.7M | $2.7M | 20x | Short OKX |
Price gap+0.129%
Funding gap−0.0228% /8h
Funding costs $7 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0228% /8h now · paid −0.189% over the last 7D
Price+$1spread +0.129% now, avg +0.115% → +0.014% if it goes back
Costs−$2652.654% of $10k · taker + slippage, in and out
Result−$283−2.83%+ 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+0.129%
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
2 ok · 3 to watch- Watch: Thin at this size122.7 / 17.4 bpAt $10k entering Variational Omni costs 122.7 bp, fee and slippage, 7.1× OKX’s.
- Note: Margin at max leverage$200 + $500Variational Omni 50x, OKX 20x. 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: −$6.85Long Variational Omni: 6 payments, −$3.00; short OKX: 6 payments, −$3.85.
- Note: Gap at its usual level+0.129% vs +0.115%The price leg adds little either way.
- Watch: Long leg is thinner$571K vs $1.7M 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 · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0090%/8h × 21 periods−$18.86
Price spread+0.129% → +0.115% (7d avg)+$1.41
Slippage, 4 orderslive order books−$255.43
Fee Variational Omni bp × 2 orders$0.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$282.88
Costs to cover2.654%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 12 min ago; OKX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.46122.7 bp−$123235.6 bp−$2,356doesn’t fitdoesn’t fit
SELL · SHORTOKX1.6117.4 bp−$17137.8 bp−$1,378doesn’t fitdoesn’t fit
Closing costs about the same again.
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