Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7952 | −0.0219 | get 0.0109% / 4h | 7m 05s | $6.5M | $7.3M | 75x | Long Binance | |
| SHORT | 1.8029 | +0.0100 | get 0.0050% / 4h | 7m 05s | $440K | $54K | 50x | Short Variational Omni+15% pts |
Price gap+0.429%
Funding gap+0.0319% /8h
Both sides work: funding pays +$10 a day on $10k, and the gap is 0.541% above its 7d average: +$54 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$48+0.0319% /8h now · paid +0.477% over the last 7D
Price+$54spread +0.429% now, avg −0.111% → +0.541% if it goes back
Costs−$820.816% of $10k · taker + slippage, in and out
Result+$20+0.20%+ 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+0.429%
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
/8hRAY on 20 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size11.3 / 31.8 bpAt $10k entering Variational Omni costs 31.8 bp, fee and slippage, 2.8× Binance’s.
- Note: Margin at max leverage$133 + $200Binance 75x, 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: +$9.56Long Binance: 6 payments, +$6.56; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you+0.429% vs −0.111%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$440K vs $6.5M 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: KYCBinance Yes · Variational Omni NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0227%/8h × 21 periods+$47.75
Price spread+0.429% → −0.111% (7d avg)+$54.07
Slippage, 4 orderslive order books−$71.61
Fee Binance bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k+$20.21
Costs to cover0.816%Break-even4.0 days
Slippage: Binance: live order book, 12 min ago; Variational Omni: RFQ quote, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance0.8311.3 bp−$1128.6 bp−$286301.9 bp−$30.2Kdoesn’t fit
SELL · SHORTVariational Omni3.5631.8 bp−$3255.2 bp−$552doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix