Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2422 | +0.0641 | pay 0.0080% / 1h | 47m 05s | $255K | $1.5M | 10x | Long Arcus5% off | |
| SHORT | 0.2415 | +0.0100 | get 0.0050% / 4h | 47m 05s | $1.2M | $1.4M | 50x | Short Variational Omni+15% pts |
Price gap−0.298%
Funding gap−0.0541% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.169% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$64−0.0541% /8h now · paid −0.643% over the last 5 days (all we have)
Price−$17spread −0.298% now, avg −0.128% → −0.169% if it goes back
Costs−$880.885% of $10k · taker + slippage, in and out
Result−$170−1.70%+ 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 Arcusnow
RANGE STATS · 7D
Now−0.298%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size18.2 / 35.1 bpAt $10k entering Variational Omni costs 35.1 bp, fee and slippage, 1.9× Arcus’s.
- Note: Margin at max leverage$1,000 + $200Arcus 10x, Variational Omni 50x. 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: −$16.24Long Arcus: 24 payments, −$19.24; short Variational Omni: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.298% vs −0.128%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$255K vs $1.2M OIArcus 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 legArcus No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0435%/8h × 21 periods−$91.41
Price spread−0.298% → −0.128% (7d avg)−$16.93
Slippage, 4 orderslive order books−$83.97
Fee Arcus bp × 2 orders−$4.50
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$196.81
Costs to cover0.885%Break-evennever at this rate
Slippage: Arcus: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus6.1818.2 bp−$1842.5 bp−$425doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.1235.1 bp−$3557.7 bp−$577doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado