Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.350 | 0 | 0.0000% / 8h | 1h 45m | $2.4M | $923K | 20x | Long Variational Omni+15% pts | |
| SHORT | 60.450 | +0.0184 | get 0.0023% / 1h | 45m 54s | $366K | $128K | 20x | Short Popdex |
Price gap+0.165%
Funding gap+0.0184% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.126% above its 7d average: +$13 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3+0.0184% /8h now · paid −0.030% over the last 7D
Price+$13spread +0.165% now, avg +0.040% → +0.126% if it goes back
Costs−$330.328% of $10k · taker + slippage, in and out
Result−$23−0.23%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.030% in total, about −0.0015%/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+0.165%
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
/8hDRAM on 35 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books8.9 / 10.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.52Long Variational Omni: 3 payments, $0.00; short Popdex: 24 payments, +$5.52.
- OK: Entry gap works for you+0.165% vs +0.040%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$366K vs $2.4M OIPopdex 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 legVariational Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0015%/8h × 21 periods−$3.21
Price spread+0.165% → +0.040% (7d avg)+$12.57
Slippage, 4 orderslive order books−$26.39
Fee Variational Omni bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$23.44
Costs to cover0.328%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 5 min ago; Popdex: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.138.9 bp−$914.0 bp−$140doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.3210.1 bp−$1021.1 bp−$211doesn’t fitdoesn’t fit
Closing costs about the same again.
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