Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8056 | −0.0073 | get 0.0009% / 1h | 36m 53s | $3K | $266K | 10x | Long Phoenix | |
| SHORT | 8.8003 | +0.0093 | get 0.0093% / 8h | 7h 36m | $4.2M | $1.3M | 50x | Short Variational Omni+15% pts |
Price gap−0.060%
Funding gap+0.0165% /8h
Both sides work: funding pays +$5 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+$52+0.0165% /8h now · paid +0.519% over the last 7D
Price+$4spread −0.060% now, avg −0.103% → +0.043% if it goes back
Costs−$520.516% of $10k · taker + slippage, in and out
Result+$5+0.05%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Variational Omni price against Phoenixnow
RANGE STATS · 7D
Now−0.060%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size16.7 / 8.6 bpAt $10k entering Phoenix costs 16.7 bp, fee and slippage, 1.9× Variational Omni’s.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.96Long Phoenix: 24 payments, +$2.18; short Variational Omni: 3 payments, +$2.79.
- OK: Entry gap works for you−0.060% vs −0.103%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $4.2M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0247%/8h × 21 periods+$51.87
Price spread−0.060% → −0.103% (7d avg)+$4.27
Slippage, 4 orderslive order books−$44.63
Fee Phoenix bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k+$4.52
Costs to cover0.516%Break-even6.4 days
Slippage: Phoenix: live order book, 30 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.4716.7 bp−$1774.0 bp−$740doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.278.6 bp−$913.9 bp−$139doesn’t fitdoesn’t fit
Closing costs about the same again.
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