Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8025 | +0.0100 | pay 0.0050% / 4h | 59m 04s | $439K | $66K | 50x | Long Variational Omni+15% pts | |
| SHORT | 1.8067 | −0.0135 | pay 0.0067% / 4h | 59m 04s | $6.6M | $7.3M | 75x | Short Binance |
Price gap+0.237%
Funding gap−0.0234% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 44 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$48−0.0234% /8h now · paid −0.477% over the last 7D
Price+$13spread +0.237% now, avg +0.109% → +0.128% if it goes back
Costs−$770.774% of $10k · taker + slippage, in and out
Result−$112−1.12%+ 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+0.237%
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 size24.2 / 11.5 bpAt $10k entering Variational Omni costs 24.2 bp, fee and slippage, 2.1× Binance’s.
- Note: Margin at max leverage$200 + $133Variational Omni 50x, Binance 75x. 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: −$7.04Long Variational Omni: 6 payments, −$3.00; short Binance: 6 payments, −$4.04.
- OK: Entry gap works for you+0.237% vs +0.109%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$439K vs $6.6M 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 · Binance YesVerified 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+0.237% → +0.109% (7d avg)+$12.82
Slippage, 4 orderslive order books−$67.39
Fee Variational Omni bp × 2 orders$0.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$112.32
Costs to cover0.774%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 14 min ago; Binance: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.3924.2 bp−$2442.6 bp−$426doesn’t fitdoesn’t fit
SELL · SHORTBinance0.2811.5 bp−$1228.7 bp−$287201.6 bp−$20.2Kdoesn’t fit
Closing costs about the same again.
Phoenix