Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 65.370 | 0 | 0.0000% / 8h | 2h 55m | $105K | $185K | 20x | Long Variational Omni+15% pts | |
| SHORT | 65.320 | −0.0050 | pay 0.0050% / 8h | 2h 55m | $979K | $1.3M | — | Short BingX |
Price gap−0.077%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.107% under its 7d average. Swap the legs.
Funding on this pair paid 0.093% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9−0.0050% /8h now · paid +0.093% over the last 7D
Price−$11spread −0.077% now, avg +0.030% → −0.107% if it goes back
Costs−$2102.100% of $10k · taker + slippage, in and out
Result−$211−2.11%+ 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−0.077%
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
/8hHPE on 12 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size63.7 / 23.2 bpAt $10k entering Variational Omni costs 63.7 bp, fee and slippage, 2.7× 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−0.077% vs +0.030%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$105K vs $979K 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+0.0044%/8h × 21 periods+$9.34
Price spread−0.077% → +0.030% (7d avg)−$10.72
Slippage, 4 orderslive order books−$199.97
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$211.35
Costs to cover2.100%Break-even165.4 days
Slippage: Variational Omni: RFQ quote, 12 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni11.6863.7 bp−$64107.5 bp−$1,075doesn’t fitdoesn’t fit
SELL · SHORTBingX0.7623.2 bp−$2368.2 bp−$682142.8 bp−$14.3K815.3 bp−$407.6K
Closing costs about the same again.
| 09-29 15:29 | QFEX | Other | $HPE - Hewlett Packard Enterprise Company is now trading 24/7 @QFEX on X ↗ |
| 09-29 11:02 | QFEX | Listing | new market HPE-USD ($HPE) seen by our collector |
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