Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,186.6 | 0 | 0.0000% / 8h | 7h 43m | $447K | $156K | 20x | Long Variational Omni+15% pts | |
| SHORT | 1,185.2 | +0.0050 | get 0.0050% / 8h | 7h 43m | — | $1.6M | — | Short BingX |
Price gap−0.121%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.143% under its 7d average: −$14 if it goes back, about 9.6 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$15+0.0050% /8h now · paid +0.146% over the last 7D
Price−$14spread −0.121% now, avg +0.023% → −0.143% if it goes back
Costs−$780.784% of $10k · taker + slippage, in and out
Result−$78−0.78%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitVariational Omni: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
P&L
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.121%
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
/8hLLY on 21 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size37.2 / 5.5 bpAt $10k entering Variational Omni costs 37.2 bp, fee and slippage, 6.8× 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−0.121% vs +0.023%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Open interest unknown$447K vs — OIBingX reports no open interest, so the legs cannot be compared.
- 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+0.0069%/8h × 21 periods+$14.58
Price spread−0.121% → +0.023% (7d avg)−$14.35
Slippage, 4 orderslive order books−$68.37
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$78.13
Costs to cover0.784%Break-even44.5 days
Slippage: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.8837.2 bp−$3766.0 bp−$660doesn’t fitdoesn’t fit
SELL · SHORTBingX0.045.5 bp−$516.8 bp−$16877.9 bp−$7,785482.1 bp−$241.0K
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | Biotech. $LLY — orals expanding the market, or trading injectable economics for cash-pay economics? $MRNA — Intismeran turns a per-patient therapy into a real franchise, or the readout bought optionality the balance sheet still has to finance? @verantaxyz on X ↗ |
Avantis