Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.360 | +0.0491 | pay 0.0491% / 8h | 7h 51m | $1.6M | $4.1M | 20x | Long Variational Omni+15% pts | |
| SHORT | 71.424 | +0.0100 | get 0.0013% / 1h | 51m 17s | $41K | $510K | 5x | Short Reya |
Price gap+0.090%
Funding gap−0.0391% /8h
The gap pays +$18 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 37 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$47−0.0391% /8h now · paid −0.471% over the last 7D
Price+$18spread +0.090% now, avg −0.092% → +0.182% if it goes back
Costsno datano order book for Reya
Result, before costs−$29−0.29%+ Points / potential airdropVariational Omni: points · Reya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.090%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$500 + $2,000Variational Omni 20x, Reya 5x. 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: −$11.73Long Variational Omni: 3 payments, −$14.73; short Reya: 24 payments, +$3.00.
- OK: Entry gap works for you+0.090% vs −0.092%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$41K vs $1.6M OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Reya pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Reya NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0224%/8h × 21 periods−$47.08
Price spread+0.090% → −0.092% (7d avg)+$18.19
Slippage, 4 ordersno data for Reya—
Fee Variational Omni bp × 2 orders$0.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$34.89
Costs to cover0.060%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 2 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni2.925.8 bp−$68.6 bp−$86doesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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