Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 229.42 | +0.0038 | pay 0.0005% / 1h | 5m 35s | $1.8M | $2K | 10x | Long QFEX10% back | |
| SHORT | 228.52 | 0 | 0.0000% / 8h | 4h 05m | $576K | $365K | 20x | Short Variational Omni+15% pts |
Price gap−0.390%
Funding gap−0.0038% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.381% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0038% /8h now · paid −0.078% over the last 7D
Price−$38spread −0.390% now, avg −0.010% → −0.381% if it goes back
Costs−$690.687% of $10k · taker + slippage, in and out
Result−$115−1.15%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.390%
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
/8hBE on 25 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size14.8 / 18.4 bpAt $10k entering Variational Omni costs 18.4 bp, fee and slippage, 1.2× QFEX’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.14Long QFEX: 24 payments, −$1.14; short Variational Omni: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.390% vs −0.010%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$576K vs $1.8M OIVariational Omni 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 legQFEX No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0037%/8h × 21 periods−$7.84
Price spread−0.390% → −0.010% (7d avg)−$38.06
Slippage, 4 orderslive order books−$48.74
Fee QFEX bp × 2 orders−$20.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$114.64
Costs to cover0.687%Break-evennever at this rate
Slippage: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX1.5314.8 bp−$1525.8 bp−$258doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.7418.4 bp−$1829.6 bp−$296doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 09:09 | AZverse | Listing | new market be_usdt ($BE) seen by our collector |
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