Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08943 | +0.0100 | pay 0.0050% / 4h | 2h 21m | $253K | $33K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.08960 | 0 | 0.0000% / 1h | 21m 22s | $90K | $572K | 50x | Short Deribit |
Price gap+0.187%
Funding gap−0.0100% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.4 days. At the last 7 days' pace that is about 30 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$57−0.0100% /8h now · paid −0.575% over the last 7D
Price+$10spread +0.187% now, avg +0.086% → +0.101% if it goes back
Costs−$570.566% of $10k · taker + slippage, in and out
Result−$104−1.04%+ 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+0.187%
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 size19.6 / 11.7 bpAt $10k entering Variational Omni costs 19.6 bp, fee and slippage, 1.7× Deribit’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Deribit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.00Long Variational Omni: 6 payments, −$3.00; short Deribit: 24 payments, $0.00.
- OK: Entry gap works for you+0.187% vs +0.086%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$90K 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: KYCVariational Omni No · Deribit YesID, 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−0.0274%/8h × 21 periods−$57.45
Price spread+0.187% → +0.086% (7d avg)+$10.11
Slippage, 4 orderslive order books−$49.58
Fee Variational Omni bp × 2 orders$0.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$103.92
Costs to cover0.566%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 4 min ago; Deribit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.9119.6 bp−$2033.0 bp−$330doesn’t fitdoesn’t fit
SELL · SHORTDeribit5.5811.7 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
| 09-28 13:03 | Deribit | Listing | new market POL_USDC-PERPETUAL ($POL) seen by our collector |
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