Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2466 | +0.0100 | pay 0.0050% / 4h | 3h 53m | $1.7M | $1.8M | 50x | Long Phemex | |
| SHORT | 0.2472 | +0.0097 | get 0.0048% / 4h | 3h 53m | $102K | $32K | 50x | Short Variational Omni+15% pts |
Price gap+0.257%
Funding gap−0.0003% /8h
Funding is ≈ 0, so this is a price-spread trade: +$36 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.0003% /8h now · paid −0.236% over the last 7D
Price+$36spread +0.257% now, avg −0.101% → +0.358% if it goes back
Costs−$1341.345% of $10k · taker + slippage, in and out
Result−$122−1.22%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Variational Omni price against Phemexnow
RANGE STATS · 7D
Now+0.257%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWIF on 32 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size51.0 / 18.2 bpAt $10k entering Phemex costs 51.0 bp, fee and slippage, 2.8× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, 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: −$0.10Long Phemex: 6 payments, −$3.00; short Variational Omni: 6 payments, +$2.90.
- OK: Entry gap works for you+0.257% vs −0.101%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$102K vs $1.7M 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: KYCPhemex Yes · Variational Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0113%/8h × 21 periods−$23.64
Price spread+0.257% → −0.101% (7d avg)+$35.79
Slippage, 4 orderslive order books−$122.50
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$122.35
Costs to cover1.345%Break-evennever at this rate
Slippage: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex14.1751.0 bp−$51doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.0818.2 bp−$1826.3 bp−$263doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
Reya
ApeX Omni