Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 546.80 | 0 | 0.0000% / 8h | 3h 00m | $145K | $97K | 20x | Long Variational Omni+15% pts | |
| SHORT | 546.56 | −0.0050 | pay 0.0050% / 8h | 3h 00m | $981K | $1.7M | — | Short BingX |
Price gap−0.045%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.084% 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+$2−0.0050% /8h now · paid +0.023% over the last 7D
Price−$8spread −0.045% now, avg +0.039% → −0.084% if it goes back
Costs−$690.693% of $10k · taker + slippage, in and out
Result−$75−0.75%+ 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−0.045%
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
/8hDELL on 22 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size31.0 / 7.4 bpAt $10k entering Variational Omni costs 31.0 bp, fee and slippage, 4.2× 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: −$1.50Long Variational Omni: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.045% vs +0.039%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$145K vs $981K 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: 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+0.0011%/8h × 21 periods+$2.25
Price spread−0.045% → +0.039% (7d avg)−$8.38
Slippage, 4 orderslive order books−$59.29
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$75.42
Costs to cover0.693%Break-even241.5 days
Slippage: Variational Omni: RFQ quote, 7 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.0531.0 bp−$3154.2 bp−$542doesn’t fitdoesn’t fit
SELL · SHORTBingX0.097.4 bp−$718.3 bp−$18377.8 bp−$7,781368.2 bp−$184.1K
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗ |
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