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 37s | $35K | $312K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.001986 | −0.1870 | pay 0.0935% / 4h | 3h 59m | $450K | $5.2M | 25x | Short Gate |
Price gap−0.668%
Funding gap+0.2313% /8h
Funding pays +$69 a day on $10k, but the gap is 0.654% under its 7d average: −$65 if it goes back, about 23 hours of funding. At the last 7 days' pace that is about 5.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$83+0.2313% /8h now · paid +0.833% over the last 7D
Price−$65spread −0.668% now, avg −0.014% → −0.654% if it goes back
Costs−$3253.249% of $10k · taker + slippage, in and out
Result−$307−3.07%+ 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 +0.833% in total, about +0.0397%/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−0.668%
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
1 ok · 5 to watch- Watch: Thin at this size56.6 / 95.1 bpAt $10k entering Gate costs 95.1 bp, fee and slippage, 1.7× Variational Omni’s.
- Note: Margin at max leverage$200 + $400Variational Omni 50x, Gate 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$69.40Long Variational Omni: 24 payments, +$125.50; short Gate: 6 payments, −$56.10.
- Watch: Gap narrower than usual−0.668% vs −0.014%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 $450K 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 · Gate YesKYC 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+0.0397%/8h × 21 periods+$83.30
Price spread−0.668% → −0.014% (7d avg)−$65.36
Slippage, 4 orderslive order books−$309.95
Fee Variational Omni bp × 2 orders$0.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$307.01
Costs to cover3.249%Break-even32.8 days
Slippage: Variational Omni: RFQ quote, 23 min ago; Gate: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni14.7656.6 bp−$5798.4 bp−$984doesn’t fitdoesn’t fit
SELL · SHORTGate5.0295.1 bp−$95doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.