Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.001999 | −0.4183 | get 0.0523% / 1h | 59m 36s | $35K | $312K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.002001 | +0.0100 | get 0.0013% / 1h | 59m 36s | $2.1M | $34.9M | 25x | Short Bybit |
Price gap+0.082%
Funding gap+0.4283% /8h
Funding pays +$128 a day on $10k, but the gap is 0.058% under its 7d average: −$6 if it goes back, about 1 hour of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10+0.4283% /8h now · paid −0.099% over the last 7D
Price−$6spread +0.082% now, avg +0.141% → −0.058% if it goes back
Costs−$1691.689% of $10k · taker + slippage, in and out
Result−$185−1.85%+ 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 −0.099% in total, about −0.0047%/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+0.082%
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
/8hSOPH on 10 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size56.6 / 24.6 bpAt $10k entering Variational Omni costs 56.6 bp, fee and slippage, 2.3× 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 interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$128.50Long Variational Omni: 24 payments, +$125.50; short Bybit: 24 payments, +$3.00.
- Watch: Gap narrower than usual+0.082% vs +0.141%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$35K vs $2.1M 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−0.0047%/8h × 21 periods−$9.89
Price spread+0.082% → +0.141% (7d avg)−$5.84
Slippage, 4 orderslive order books−$157.85
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$184.59
Costs to cover1.689%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 23 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni14.7656.6 bp−$5798.4 bp−$984doesn’t fitdoesn’t fit
SELL · SHORTBybit2.5024.6 bp−$25106.4 bp−$1,064doesn’t fitdoesn’t fit
Closing costs about the same again.