TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

WET

All WET markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BloFinWET-USDT
0.06169−0.7497get 0.3748% / 4h2h 52m$137K$41K50xLong BloFin
SHORT
Variational OmniHUMIDIFI
0.06164−1.1127pay 0.5563% / 4h2h 52m$59K$107K50xShort Variational Omni+15% pts
Price gap−0.083%73s
Funding gap−0.3630% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $109 a day and eats that in about 1 hour.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.3630% /8h now · paid +0.035% over the last 7D
Price—spread −0.083%73s now · prices read too far apart to compare
Costs−$2802.795% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.035% in total, about +0.0017%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.083%
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

/8h

WET on 11 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size34.6 / 93.0 bp
    At $10k entering Variational Omni costs 93.0 bp, fee and slippage, 2.7× BloFin’s.
  • Note: Margin at max leverage$200 + $200
    BloFin 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$108.90Long BloFin: 6 payments, +$224.91; short Variational Omni: 6 payments, −$333.81.
  • Watch: Prices read 73 s apart−0.083% vs −0.130%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$59K vs $137K OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCBloFin Limited · Variational Omni No
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0017%/8h × 21 periods+$3.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$267.54
Fee BloFin bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$276.05
price spread not counted: prices read too far apart
Costs to cover2.795%Break-even560.3 days
Slippage: BloFin: live order book, 39 min ago; Variational Omni: RFQ quote, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBloFin4.0734.6 bp−$35doesn’t fitdoesn’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.

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