Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1113 | 0 | 0.0000% / 4h | 2h 29m | $391K | $124K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.1114 | +0.0100 | get 0.0050% / 4h | 2h 29m | $1.2M | $1.4M | 50x | Short Phemex |
Price gap+0.088%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0100% /8h now · paid 0.000% over the last 7D
Price+$3spread +0.088% now, avg +0.060% → +0.028% if it goes back
Costs−$1331.331% of $10k · taker + slippage, in and out
Result−$130−1.30%+ 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+0.088%
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
3 ok · 3 to watch- Watch: Thin at this size22.3 / 43.2 bpAt $10k entering Phemex costs 43.2 bp, fee and slippage, 1.9× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Phemex 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: +$2.99Long Variational Omni: 6 payments, −$0.01; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.088% vs +0.060%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$391K 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: KYCVariational Omni No · Phemex YesKYC 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+0.088% → +0.060% (7d avg)+$2.78
Slippage, 4 orderslive order books−$121.13
Fee Variational Omni bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$130.35
Costs to cover1.331%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 11 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni8.9422.3 bp−$2235.7 bp−$357doesn’t fitdoesn’t fit
SELL · SHORTPhemex0.9043.2 bp−$43147.6 bp−$1,476doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Reya | Listing | POLRUSDPERP no longer reported ($POL) seen by our collector |
| 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 ↗ |
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| 09-24 09:36 | Phemex | Listing | new market POLUSDT ($POL) seen by our collector |
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