Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 184.54 | +0.0037 | pay 0.0037% / 8h | 3h 31m | $916K | $1.7M | — | Long BingX | |
| SHORT | 184.57 | 0 | 0.0000% / 8h | 3h 31m | $383K | $375K | 20x | Short Variational Omni+15% pts |
Price gap+0.015%
Funding gap−0.0037% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0037% /8h now · paid −0.059% over the last 7D
Price+$4spread +0.015% now, avg −0.029% → +0.044% if it goes back
Costs−$680.680% of $10k · taker + slippage, in and out
Result−$69−0.69%+ 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+0.015%
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
/8hCBRS on 28 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size10.5 / 22.3 bpAt $10k entering Variational Omni costs 22.3 bp, fee and slippage, 2.1× 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: −$1.11Long BingX: 3 payments, −$1.11; short Variational Omni: 3 payments, $0.00.
- OK: Entry gap works for you+0.015% vs −0.029%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$383K vs $916K 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−0.0028%/8h × 21 periods−$5.87
Price spread+0.015% → −0.029% (7d avg)+$4.39
Slippage, 4 orderslive order books−$57.98
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$69.46
Costs to cover0.680%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Variational Omni: RFQ quote, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.2710.5 bp−$1118.4 bp−$18476.9 bp−$7,695doesn’t fit
SELL · SHORTVariational Omni3.5422.3 bp−$2240.4 bp−$404doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-17 10:29 | Deribit | Listing | 🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗ |
| 09-16 15:02 | Deribit | Listing | 🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗ |
Deribit