Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 30.280 | 0 | 0.0000% / 8h | 5h 30m | $1.2M | $111K | 20x | Long Phemex | |
| SHORT | 30.248 | 0 | 0.0000% / 8h | 5h 30m | $64K | $98K | 20x | Short Variational Omni+15% pts |
Price gap−0.107%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.107% under zero (no 7-day history yet): the price leg works against you, −$11 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price—spread −0.107% now · no price history on both exchanges yet
Costs−$2232.231% of $10k · taker + slippage, in and out
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−0.107%
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
/8hIONQ on 15 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size44.6 / 66.3 bpAt $10k entering Variational Omni costs 66.3 bp, fee and slippage, 1.5× Phemex’s.
- Note: Margin at max leverage$500 + $500Phemex 20x, Variational Omni 20x. 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: $0.00Long Phemex: 3 payments, $0.00; short Variational Omni: 3 payments, $0.00.
- Note: No 7-day spread history−0.107%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$64K vs $1.2M 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: KYCPhemex Yes · Variational Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spread−0.107% → 0−$10.69
Slippage, 4 orderslive order books−$211.13
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$233.81
Costs to cover2.231%Break-evennever at this rate
Slippage: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.6544.6 bp−$45178.0 bp−$1,780doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.7366.3 bp−$66127.0 bp−$1,270doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 15:39 | Variational Omni | Listing | IonQ $IONQ perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗ |
| 10-21 02:21 | Variational Omni | Listing | new market IONQ ($IONQ) seen by our collector |

