Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 510.51 | +0.0050 | pay 0.0050% / 8h | 1h 44m | $927K | $1.7M | — | Long BingX | |
| SHORT | 510.85 | 0 | 0.0000% / 8h | 1h 44m | $95K | $58K | 20x | Short Variational Omni+15% pts |
Price gap+0.066%
Funding gap−0.0050% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 6.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0050% /8h now · paid −0.133% over the last 7D
Price+$10spread +0.066% now, avg −0.035% → +0.101% if it goes back
Costs−$780.776% of $10k · taker + slippage, in and out
Result−$81−0.81%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.066%
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
/8hAMAT on 17 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size8.5 / 32.5 bpAt $10k entering Variational Omni costs 32.5 bp, fee and slippage, 3.8× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short Variational Omni: 3 payments, $0.00.
- OK: Entry gap works for you+0.066% vs −0.035%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$95K vs $927K 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: KYCBingX Yes · Variational Omni NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0063%/8h × 21 periods−$13.27
Price spread+0.066% → −0.035% (7d avg)+$10.10
Slippage, 4 orderslive order books−$67.57
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$80.74
Costs to cover0.776%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Variational Omni: RFQ quote, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.108.5 bp−$822.5 bp−$22581.7 bp−$8,167505.3 bp−$252.6K
SELL · SHORTVariational Omni4.0032.5 bp−$3357.7 bp−$577doesn’t fitdoesn’t fit
Closing costs about the same again.