Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04650 | +0.0100 | pay 0.0050% / 4h | 2h 20m | $291K | $53K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.04658 | +0.0100 | get 0.0050% / 4h | 2h 20m | $1.3M | $455K | 50x | Short Phemex |
Price gap+0.168%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 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−$150.0000% /8h now · paid −0.153% over the last 7D
Price+$4spread +0.168% now, avg +0.127% → +0.040% if it goes back
Costs−$1281.281% of $10k · taker + slippage, in and out
Result−$139−1.39%+ 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+0.168%
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 23 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size30.1 / 37.9 bpAt $10k entering Phemex costs 37.9 bp, fee and slippage, 1.3× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Phemex 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.168% vs +0.127%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$291K vs $1.3M 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 · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0073%/8h × 21 periods−$15.34
Price spread+0.168% → +0.127% (7d avg)+$4.05
Slippage, 4 orderslive order books−$116.05
Fee Variational Omni bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$139.34
Costs to cover1.281%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 4 min ago; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.3030.1 bp−$3053.8 bp−$538doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.2237.9 bp−$38157.1 bp−$1,571doesn’t fitdoesn’t fit
Closing costs about the same again.
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