Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 264.35 | 0 | 0.0000% / 8h | 3h 38m | $83K | $384K | 20x | Long Variational Omni+15% pts | |
| SHORT | 264.53 | −0.0609 | pay 0.0609% / 8h | 3h 38m | — | $1.2M | — | Short BingX |
Price gap+0.067%
Funding gap−0.0609% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 5 hours. At the last 7 days' pace that is about 33 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$20−0.0609% /8h now · paid −0.200% over the last 7D
Price+$4spread +0.067% now, avg +0.027% → +0.039% if it goes back
Costs−$1151.154% of $10k · taker + slippage, in and out
Result−$131−1.31%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.200% in total, about −0.0095%/8h on average.
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+0.067%
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
/8hCRWD on 19 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size33.2 / 22.3 bpAt $10k entering Variational Omni costs 33.2 bp, fee and slippage, 1.5× BingX’s.
- Note: Margin at max leverage$500 + —Variational Omni 20x, BingX —. 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: −$18.27Long Variational Omni: 3 payments, $0.00; short BingX: 3 payments, −$18.27.
- OK: Entry gap works for you+0.067% vs +0.027%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Open interest unknown$83K vs — OIBingX reports no open interest, so the legs cannot be compared.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCVariational Omni No · BingX YesAdvanced 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−0.0095%/8h × 21 periods−$19.96
Price spread+0.067% → +0.027% (7d avg)+$3.94
Slippage, 4 orderslive order books−$105.38
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$131.40
Costs to cover1.154%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 7 min ago; BingX: live order book, 31 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.3533.2 bp−$3361.6 bp−$616doesn’t fitdoesn’t fit
SELL · SHORTBingX10.7722.3 bp−$2259.1 bp−$591199.0 bp−$19.9K810.9 bp−$405.4K
Closing costs about the same again.
BloFin