Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6828 | +0.0100 | pay 0.0050% / 4h | 2h 44m | $3.9M | $318K | 50x | Long Variational Omni+15% pts | |
| SHORT | 1.6884 | −0.0095 | pay 0.0012% / 1h | 44m 08s | $205K | $70K | 5x | Short Phoenix |
Price gap+0.334%104s
Funding gap−0.0195% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 2.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$72−0.0195% /8h now · paid −0.719% over the last 7D
Price—spread +0.334%104s now · prices read too far apart to compare
Costs−$720.717% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together
Price and funding
1h · historyEntry / 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+0.334%
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
/8hZRO on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size16.8 / 20.4 bpAt $10k entering Phoenix costs 20.4 bp, fee and slippage, 1.2× Variational Omni’s.
- Note: Margin at max leverage$200 + $2,000Variational Omni 50x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.85Long Variational Omni: 6 payments, −$3.00; short Phoenix: 24 payments, −$2.85.
- Watch: Prices read 104 s apart+0.334% vs +0.165%Part of this gap may be the market moving.
- Watch: Short leg is thinner$205K vs $3.9M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0342%/8h × 21 periods−$71.86
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$64.72
Fee Variational Omni bp × 2 orders$0.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$143.58
price spread not counted: prices read too far apartCosts to cover0.717%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 4 min ago; Phoenix: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.3316.8 bp−$1728.5 bp−$285doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9720.4 bp−$2058.9 bp−$589doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-15 07:23 | RISEx | Listing | new market ZRO/USDC ($ZRO) seen by our collector |


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