Settings8H · net · $10k
Funding arb · Price arb /

NIL

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.75 per $10,000 · paid last 24h +0.003%
Price spread now: Variational Omni against BingX−0.081%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.325%+$32 · spread now −0.081%, 7d avg +0.004%
Together, before fees+0.329%+ Points / potential airdropVariational Omni: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.085% cheaper against BingX than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.004%). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.004% in total) that is about 2 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NIL-USDT0.071070.0120pay 0.0060% / 4h2h 11m$8.4M
ShortVariational Omni NIL0.071010.0271get 0.0135% / 4h2h 11m$192K$268K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$31.62
Price spread: −0.081% → +0.004%
−$8.49
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$13.14
Costs to cover
0.100%
Break-even
4.1 days
Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: RFQ quote, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago5.69 bp26.0 bp −$2696.2 bp −$962444.8 bp −$44.5K646.5 bp −$323.2K
Sell Variational Omni RFQ quote, 58 min ago9.40 bpdoesn't fit154.0 bp −$1,540doesn't fitdoesn't fit

NIL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NILUSDT+0.0100%4h0.07092−0.211%$23K$343K5xas long as short
Binance NILUSDT+0.0100%4h0.07085−0.304%$5.5M$74.8M50xas long as short
Bybit NILUSDT+0.0100%4h0.07093−0.197%$3.9M$13.5M20xas long as short
Gate NIL_USDT+0.0100%4h0.07089−0.253%$452K$1.9M50xas long as short
MEXC NIL_USDT+0.0100%4h0.07091−0.225%$2.4M$4.6M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.07098−0.127%$539K$655K30xas long as short
Bitget NILUSDT+0.0100%4h0.07096−0.155%$1.8M$8.1M50xas long as short
Extended NIL-USD+0.0104%1h0.07089−0.252%$17K$91K5xas long as short
BingX NIL-USDTlong+0.0120%4h0.07107long leg$8.4M
Variational Omni NILshort+0.0271%4h0.07101−0.081%$192K$268K
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid NIL+0.2395%1h0.07117+0.139%$4.5M$4.5M3xas long as short