WET

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniHUMIDIFI	0.06220	−1.0255	get 0.5127% / 4h	2h 12m	$60K	$108K	50x	Long Variational Omni+15% pts
SHORT	BinanceWETUSDT	0.06232	−1.0546	pay 0.5273% / 4h	2h 12m	$2.2M	$25.3M	25x	Short Binance

Price gap+0.203%

Funding gap−0.0291% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 13 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$44−0.0291% /8h now · paid +0.438% over the last 7D

Price+$5spread +0.203% now, avg +0.155% → +0.048% if it goes back

Costs−$2562.557% of $10k · taker + slippage, in and out

Result−$207−2.07%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.203%

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

3 ok · 3 to watch

Watch: Thin at this size113.3 / 28.1 bp
At $10k entering Variational Omni costs 113.3 bp, fee and slippage, 4.0× Binance’s.
Note: Margin at max leverage$200 + $400
Variational Omni 50x, Binance 25x. 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: −$8.74Long Variational Omni: 6 payments, +$307.64; short Binance: 6 payments, −$316.38.
OK: Entry gap works for you+0.203% vs +0.155%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$60K vs $2.2M 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: KYCVariational Omni No · Binance Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0209%/8h × 21 periods+$43.82

Price spread+0.203% → +0.155% (7d avg)+$4.76

Slippage, 4 orderslive order books−$245.72

Fee Variational Omni bp × 2 orders$0.00

Fee Binance bp × 2 orders−$10.00

Net · 7 days · $10k−$207.13

Costs to cover2.557%Break-even40.1 days

Slippage: Variational Omni: RFQ quote, 46 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni7.28113.3 bp−$113212.8 bp−$2,128doesn’t fitdoesn’t fit

SELL · SHORTBinance0.8028.1 bp−$28107.2 bp−$1,072doesn’t fitdoesn’t fit

Closing costs about the same again.

WET