Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.004209 | L +0.0368S −0.0590 | pay 0.0046% / 1h | 12m 07s | $142K | $244K | 50x | Long GMX5% off | |
| SHORT | 0.004206 | +0.0050 | get 0.0025% / 4h | 2h 12m | $4.1M | $1.0M | 50x | Short Variational Omni+15% pts |
Price gap−0.071%
Funding gap−0.0318% /8h
Funding costs $10 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.0318% /8h now · paid −0.342% over the last 7D
Price−$1spread −0.071% now, avg −0.060% → −0.011% if it goes back
Costsno datano order book for GMX
Result, before costs−$35−0.35%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.071%
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
/8hPUMP on 48 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$200 + $200GMX 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: −$9.53Long GMX: 24 payments, −$11.03; short Variational Omni: 6 payments, +$1.50.
- Note: Gap at its usual level−0.071% vs −0.060%The price leg adds little either way.
- Watch: Long leg is thinner$142K vs $4.1M OIGMX sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legGMX No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0163%/8h × 21 periods−$34.21
Price spread−0.071% → −0.060% (7d avg)−$1.05
Slippage, 4 ordersno data for GMX—
Fee GMX bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$47.26
Costs to cover0.120%Break-evennever at this rate
Slippage: GMX: no order-book sample; Variational Omni: RFQ quote, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGMX—————
SELL · SHORTVariational Omni4.769.5 bp−$1014.3 bp−$143doesn’t fitdoesn’t fit
Closing costs about the same again.
GMX: no data.
| 10-23 09:05 | Reya | Listing | new market PUMPRUSDPERP ($PUMP) seen by our collector |
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| 10-06 06:57 | Bullet | Listing | new market PUMP-USD ($PUMP) seen by our collector |


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