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 07s | $439K | $66K | 50x | Long Variational Omni+15% pts | |
| SHORT | 1.8065 | +0.0100 | get 0.0050% / 4h | 59m 07s | $5.8M | $1.7M | 25x | Short Bybit |
Price gap+0.224%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$100.0000% /8h now · paid −0.103% over the last 7D
Price+$9spread +0.224% now, avg +0.134% → +0.089% if it goes back
Costs−$860.864% of $10k · taker + slippage, in and out
Result−$88−0.88%+ 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+0.224%
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 / 14.6 bpAt $10k entering Variational Omni costs 24.2 bp, fee and slippage, 1.7× Bybit’s.
- Note: Margin at max leverage$200 + $400Variational Omni 50x, Bybit 25x. 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you+0.224% vs +0.134%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$439K vs $5.8M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0049%/8h × 21 periods−$10.26
Price spread+0.224% → +0.134% (7d avg)+$8.93
Slippage, 4 orderslive order books−$75.36
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$87.70
Costs to cover0.864%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 14 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.3924.2 bp−$2442.6 bp−$426doesn’t fitdoesn’t fit
SELL · SHORTBybit0.8314.6 bp−$1548.1 bp−$481doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix