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
Variational OmniHUMIDIFI
0.06220−1.0255get 0.5127% / 4h2h 11m$60K$108K50xLong Variational Omni+15% pts
SHORT
OKXWET-USDT-SWAP
0.06216−1.0859pay 0.5430% / 4h2h 11m$1.7M$40.3M20xShort OKX
Price gap−0.058%
Funding gap−0.0605% /8h

Both sides work against this direction now: funding costs $18 a day on $10k and the gap is 0.193% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$49−0.0605% /8h now · paid +0.488% over the last 7D
Price−$19spread −0.058% now, avg +0.135% → −0.193% if it goes back
Costs−$2412.415% of $10k · taker + slippage, in and out
Result−$212−2.12%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.058%
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 size113.3 / 17.5 bp
    At $10k entering Variational Omni costs 113.3 bp, fee and slippage, 6.5× OKX’s.
  • Note: Margin at max leverage$200 + $500
    Variational Omni 50x, OKX 20x. 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: −$18.14Long Variational Omni: 6 payments, +$307.64; short OKX: 6 payments, −$325.77.
  • Watch: Gap narrower than usual−0.058% vs +0.135%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$60K vs $1.7M 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 · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0233%/8h × 21 periods+$48.85
Price spread−0.058% → +0.135% (7d avg)−$19.33
Slippage, 4 orderslive order books−$231.47
Fee Variational Omni bp × 2 orders$0.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$211.95
Costs to cover2.415%Break-even37.4 days
Slippage: Variational Omni: RFQ quote, 46 min ago; OKX: live order book, 1 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 · SHORTOKX0.8017.5 bp−$1869.9 bp−$699doesn’t fitdoesn’t fit

Closing costs about the same again.

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