Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 26.580 | +0.0917 | pay 0.0917% / 8h | 1h 16m | $901K | $1.3M | — | Long BingX | |
| SHORT | 26.559 | +0.0903 | get 0.0903% / 8h | 1h 16m | $130K | $105K | 20x | Short Variational Omni+15% pts |
Price gap−0.079%
Funding gap−0.0014% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.047% 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−$20−0.0014% /8h now · paid −0.202% over the last 7D
Price−$5spread −0.079% now, avg −0.032% → −0.047% if it goes back
Costs−$610.605% of $10k · taker + slippage, in and out
Result−$85−0.85%+ 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−0.079%
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
/8hBMNR on 21 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size12.4 / 18.0 bpAt $10k entering Variational Omni costs 18.0 bp, fee and slippage, 1.4× 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: −$0.41Long BingX: 3 payments, −$27.51; short Variational Omni: 3 payments, +$27.10.
- Watch: Gap narrower than usual−0.079% vs −0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$130K vs $901K 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−0.0096%/8h × 21 periods−$20.15
Price spread−0.079% → −0.032% (7d avg)−$4.73
Slippage, 4 orderslive order books−$50.50
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$85.39
Costs to cover0.605%Break-evennever at this rate
Slippage: BingX: live order book, 13 min ago; Variational Omni: RFQ quote, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX5.6512.4 bp−$1221.9 bp−$21989.0 bp−$8,901632.9 bp−$316.4K
SELL · SHORTVariational Omni7.9218.0 bp−$1828.1 bp−$281doesn’t fitdoesn’t fit
Closing costs about the same again.