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

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
KuCoinWETUSDTM
0.06076−1.2388get 0.6194% / 4h3h 58m$843K$4.0M25xLong KuCoin
SHORT
Variational OmniHUMIDIFI
0.06226−1.8337pay 0.9169% / 4h3h 58m$60K$92K50xShort Variational Omni+15% pts
Price gap+2.466%
Funding gap−0.5949% /8h

The gap pays +$247 on $10k if it goes back to zero (no 7-day history yet), but funding costs $178 a day and eats that in about 33 hours. At the last 7 days' pace that is about 59 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$29−0.5949% /8h now · paid −0.293% over the last 7D
Price—spread +2.466% now · no price history on both exchanges yet
Costs−$3473.465% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.293% in total, about −0.0140%/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+2.466%
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 · 3 to watch
  • Watch: Thin at this size64.9 / 100.1 bp
    At $10k entering Variational Omni costs 100.1 bp, fee and slippage, 1.5× KuCoin’s.
  • Note: Margin at max leverage$400 + $200
    KuCoin 25x, 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: −$178.47Long KuCoin: 6 payments, +$371.64; short Variational Omni: 6 payments, −$550.11.
  • Note: No 7-day spread history+2.466%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$60K vs $843K 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: KYCKuCoin Yes · Variational Omni No
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0140%/8h × 21 periods−$29.30
Price spread+2.466% → 0+$246.57
Slippage, 4 orderslive order books−$334.53
Fee KuCoin bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$129.27
Costs to cover3.465%Break-evennever at this rate
Slippage: KuCoin: live order book, 8 min ago; Variational Omni: RFQ quote, 25 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKuCoin17.3864.9 bp−$65doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni7.88100.1 bp−$100187.5 bp−$1,875doesn’t fitdoesn’t fit

Closing costs about the same again.

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