Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08950 | 0 | 0.0000% / 1h | 10m 55s | $78K | $584K | 50x | Long Deribit | |
| SHORT | 0.08942 | +0.0100 | get 0.0050% / 4h | 1h 10m | $253K | $33K | 50x | Short Variational Omni+15% pts |
Price gap−0.085%58s
Funding gap+0.0100% /8h
Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$57+0.0100% /8h now · paid +0.568% over the last 7D
Price—spread −0.085%58s now · prices read too far apart to compare
Costs−$640.644% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together
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−0.085%
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
/8hPOL on 27 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size20.1 / 17.3 bpAt $10k entering Deribit costs 20.1 bp, fee and slippage, 1.2× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Deribit 50x, 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: +$3.00Long Deribit: 24 payments, $0.00; short Variational Omni: 6 payments, +$3.00.
- Watch: Prices read 58 s apart−0.085% vs −0.087%Part of this gap may be the market moving.
- Watch: Long leg is thinner$78K vs $253K OIDeribit sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCDeribit Yes · Variational Omni NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0271%/8h × 21 periods+$56.82
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$57.38
Fee Deribit bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$7.56
price spread not counted: prices read too far apartCosts to cover0.644%Break-even7.9 days
Slippage: Deribit: live order book, 8 min ago; Variational Omni: RFQ quote, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit5.5820.1 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.4717.3 bp−$1730.2 bp−$302doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
| 09-28 13:03 | Deribit | Listing | new market POL_USDC-PERPETUAL ($POL) seen by our collector |
| 09-24 09:36 | Phemex | Listing | new market POLUSDT ($POL) seen by our collector |


Phemex