Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 191.36 | −0.0050 | get 0.0050% / 8h | 4h 10m | $949K | $1.3M | — | Long BingX | |
| SHORT | 191.61 | 0 | 0.0000% / 8h | 4h 10m | $165K | $203K | 20x | Short Variational Omni+15% pts |
Price gap+0.133%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.164% above its 7d average: +$16 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0050% /8h now · paid +0.174% over the last 7D
Price+$16spread +0.133% now, avg −0.031% → +0.164% if it goes back
Costs−$1421.419% of $10k · taker + slippage, in and out
Result−$108−1.08%+ 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+0.133%
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
/8hMRNA on 23 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size20.7 / 51.9 bpAt $10k entering Variational Omni costs 51.9 bp, fee and slippage, 2.5× 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: +$1.50Long BingX: 3 payments, +$1.50; short Variational Omni: 3 payments, $0.00.
- OK: Entry gap works for you+0.133% vs −0.031%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$165K vs $949K 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+0.0083%/8h × 21 periods+$17.42
Price spread+0.133% → −0.031% (7d avg)+$16.36
Slippage, 4 orderslive order books−$131.90
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$108.11
Costs to cover1.419%Break-even50.4 days
Slippage: BingX: live order book, 13 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX6.0020.7 bp−$2142.7 bp−$427101.5 bp−$10.2K834.3 bp−$417.1K
SELL · SHORTVariational Omni2.2251.9 bp−$5288.6 bp−$886doesn’t fitdoesn’t fit
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