Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 959.01 | +0.0053 | pay 0.0053% / 8h | 1h 45m | $995K | $1.7M | — | Long BingX | |
| SHORT | 959.01 | 0 | 0.0000% / 8h | 1h 45m | $205K | $171K | 20x | Short Variational Omni+15% pts |
Price gap0.000%
Funding gap−0.0053% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9−0.0053% /8h now · paid −0.092% over the last 7D
Price+$4spread 0.000% now, avg −0.035% → +0.035% if it goes back
Costs−$530.525% of $10k · taker + slippage, in and out
Result−$58−0.58%+ 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
Now0.000%
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
/8hLITE on 29 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size5.1 / 17.3 bpAt $10k entering Variational Omni costs 17.3 bp, fee and slippage, 3.4× BingX’s.
- Note: Margin at max leverage— + $500BingX —, 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: −$1.59Long BingX: 3 payments, −$1.59; short Variational Omni: 3 payments, $0.00.
- OK: Entry gap works for you0.000% vs −0.035%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$205K vs $995K 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: KYCBingX Yes · Variational Omni NoAdvanced 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−$9.20
Price spread0.000% → −0.035% (7d avg)+$3.50
Slippage, 4 orderslive order books−$42.54
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$58.24
Costs to cover0.525%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Variational Omni: RFQ quote, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.055.1 bp−$59.5 bp−$9559.0 bp−$5,895170.4 bp−$85.2K
SELL · SHORTVariational Omni3.4117.3 bp−$1729.4 bp−$294doesn’t fitdoesn’t fit
Closing costs about the same again.
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