Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1114 | +0.0100 | pay 0.0050% / 4h | 1h 52m | $1.2M | $1.4M | 50x | Long Phemex | |
| SHORT | 0.1110 | +0.0100 | get 0.0050% / 4h | 1h 52m | $389K | $125K | 50x | Short Variational Omni+15% pts |
Price gap−0.296%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.236% under its 7d average: the price leg works against you, −$24 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price−$24spread −0.296% now, avg −0.060% → −0.236% if it goes back
Costs−$1471.469% of $10k · taker + slippage, in and out
Result−$171−1.71%+ 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−0.296%
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
2 ok · 4 to watch- Watch: Thin at this size41.1 / 26.8 bpAt $10k entering Phemex costs 41.1 bp, fee and slippage, 1.5× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, Variational Omni 50x. 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: $0.00Long Phemex: 6 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.296% vs −0.060%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$389K vs $1.2M 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: KYCPhemex Yes · Variational Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spread−0.296% → −0.060% (7d avg)−$23.62
Slippage, 4 orderslive order books−$134.93
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$170.55
Costs to cover1.469%Break-even444205.3 days
Slippage: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 48 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.6841.1 bp−$41171.2 bp−$1,712doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni8.9426.8 bp−$2744.7 bp−$447doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Reya | Listing | POLRUSDPERP no longer reported ($POL) seen by our collector |
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