Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03827 | −0.0416 | get 0.0208% / 4h | 8m 24s | $251K | $669K | 50x | Long Gate | |
| SHORT | 0.03824 | +0.0100 | get 0.0050% / 4h | 8m 24s | $123K | $64K | 50x | Short Variational Omni+15% pts |
Price gap−0.105%
Funding gap+0.0516% /8h
Both sides work: funding pays +$15 a day on $10k, and the gap is 0.043% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6+0.0516% /8h now · paid +0.056% over the last 7D
Price+$4spread −0.105% now, avg −0.148% → +0.043% if it goes back
Costs−$3413.405% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.056% in total, about +0.0026%/8h on average.
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−0.105%
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
/8hS on 22 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size42.4 / 115.9 bpAt $10k entering Variational Omni costs 115.9 bp, fee and slippage, 2.7× Gate’s.
- Note: Margin at max leverage$200 + $200Gate 50x, 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: +$15.48Long Gate: 6 payments, +$12.48; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you−0.105% vs −0.148%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$123K vs $251K 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: KYCGate Yes · Variational Omni NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0026%/8h × 21 periods+$5.55
Price spread−0.105% → −0.148% (7d avg)+$4.34
Slippage, 4 orderslive order books−$325.54
Fee Gate bp × 2 orders−$15.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$330.66
Costs to cover3.405%Break-even423.9 days
Slippage: Gate: live order book, 29 min ago; Variational Omni: RFQ quote, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate6.6342.4 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.66115.9 bp−$116222.5 bp−$2,225doesn’t fitdoesn’t fit
Closing costs about the same again.
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