Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2486 | +0.0100 | pay 0.0050% / 4h | 3h 33m | $103K | $31K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.2488 | +0.0100 | get 0.0050% / 4h | 3h 33m | $1.7M | $1.8M | 50x | Short Phemex |
Price gap+0.088%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$240.0000% /8h now · paid +0.236% over the last 7D
Price−$1spread +0.088% now, avg +0.099% → −0.011% if it goes back
Costs−$1291.293% of $10k · taker + slippage, in and out
Result−$107−1.07%+ 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
Phemex price against Variational Omninow
RANGE STATS · 7D
Now+0.088%
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
2 ok · 3 to watch- Watch: Thin at this size20.3 / 45.1 bpAt $10k entering Phemex costs 45.1 bp, fee and slippage, 2.2× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Variational Omni 50x, Phemex 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- Note: Gap at its usual level+0.088% vs +0.099%The price leg adds little either way.
- Watch: Long leg is thinner$103K 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: KYCVariational Omni No · Phemex YesKYC 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+0.088% → +0.099% (7d avg)−$1.08
Slippage, 4 orderslive order books−$117.34
Fee Variational Omni bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$106.79
Costs to cover1.293%Break-even38.6 days
Slippage: Variational Omni: RFQ quote, 40 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.0820.3 bp−$2030.4 bp−$304doesn’t fitdoesn’t fit
SELL · SHORTPhemex12.0645.1 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($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 ↗ |


ApeX Omni