S

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexSUSDT	0.04643	−0.0193	get 0.0096% / 4h	1h 10m	$1.3M	$459K	50x	Long Phemex
SHORT	Variational OmniS	0.04637	+0.0100	get 0.0050% / 4h	1h 10m	$290K	$46K	50x	Short Variational Omni+15% pts

Price gap−0.130%

Funding gap+0.0293% /8h

Funding trade: +$9 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$15+0.0293% /8h now · paid +0.153% over the last 7D

Price$0spread −0.130% now, avg −0.131% → +0.001% if it goes back

Costs−$1191.186% of $10k · taker + slippage, in and out

Result−$103−1.03%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.153% in total, about +0.0073%/8h on average.

Price and funding

1h · history

Entry / 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−0.130%

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

/8h

S on 23 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size36.1 / 23.7 bp
At $10k entering Phemex costs 36.1 bp, fee and slippage, 1.5× Variational Omni’s.
Note: Margin at max leverage$200 + $200
Phemex 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$8.78Long Phemex: 6 payments, +$5.78; short Variational Omni: 6 payments, +$3.00.
Note: Gap at its usual level−0.130% vs −0.131%
The price leg adds little either way.
Watch: Short leg is thinner$290K vs $1.3M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCPhemex Yes · Variational Omni No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0073%/8h × 21 periods+$15.34

Price spread−0.130% → −0.131% (7d avg)+$0.10

Slippage, 4 orderslive order books−$106.57

Fee Phemex bp × 2 orders−$12.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$103.13

Costs to cover1.186%Break-even54.1 days

Slippage: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex1.0836.1 bp−$36162.5 bp−$1,625doesn’t fitdoesn’t fit

SELL · SHORTVariational Omni6.4623.7 bp−$2440.9 bp−$409doesn’t fitdoesn’t fit

Closing costs about the same again.

S news

posts that mention S, from every exchangeSearch all news →

10-14 12:08	Phemex	Listing	New Perpetual Listing: $S (@SonicLab) is now live on Phemex! 🚀 Trade $S/USDT WITH up to 50x Leverage: 👉 @Phemex_official on X ↗
10-14 08:07	Phemex	Listing	new market SUSDT ($S) seen by our collector
09-24 06:54	Bitget	Contest	Join now and win a share of $30,000 USDT in mystery boxes when you trade $S 👇 @bitget on X ↗
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09-23 01:31	Bitget	Other	$S is testing the $24 area with momentum building. Breakout or pullback from here? @bitget on X ↗

S