Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.06154 | −1.0378 | get 0.5189% / 4h | 2h 53m | $554K | $3.0M | 25x | Long Bitget | |
| SHORT | 0.06154 | −1.1349 | pay 0.5675% / 4h | 2h 53m | $59K | $107K | 50x | Short Variational Omni+15% pts |
Price gap−0.002%
Funding gap−0.0971% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $29 a day and eats that in about 10 hours. At the last 7 days' pace that is about 38 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$53−0.0971% /8h now · paid −0.530% over the last 7D
Price+$12spread −0.002% now, avg −0.121% → +0.119% if it goes back
Costs−$2662.663% 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 below what this pair has been paying: over the last 7 days it paid −0.530% in total, about −0.0252%/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−0.002%
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
/8hWET on 11 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size27.4 / 93.0 bpAt $10k entering Variational Omni costs 93.0 bp, fee and slippage, 3.4× Bitget’s.
- Note: Margin at max leverage$400 + $200Bitget 25x, Variational Omni 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: −$29.14Long Bitget: 6 payments, +$311.34; short Variational Omni: 6 payments, −$340.48.
- OK: Entry gap works for you−0.002% vs −0.121%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$59K vs $554K 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: KYCBitget Yes · Variational Omni NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0252%/8h × 21 periods−$52.97
Price spread−0.002% → −0.121% (7d avg)+$11.93
Slippage, 4 orderslive order books−$254.29
Fee Bitget bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$307.33
Costs to cover2.663%Break-evennever at this rate
Slippage: Bitget: live order book, 7 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget8.8527.4 bp−$27124.5 bp−$1,245doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni7.2893.0 bp−$93177.2 bp−$1,772doesn’t fitdoesn’t fit
Closing costs about the same again.