Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 192.40 | 0 | 0.0000% / 8h | 4h 54m | $166K | $205K | 20x | Long Variational Omni+15% pts | |
| SHORT | 190.94 | −0.0050 | pay 0.0050% / 8h | 4h 54m | $949K | $1.3M | — | Short BingX |
Price gap−0.759%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.790% under its 7d average. Swap the legs.
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−$79spread −0.759% now, avg +0.032% → −0.790% if it goes back
Costs−$1181.184% of $10k · taker + slippage, in and out
Result−$215−2.15%+ 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−0.759%
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
2 ok · 4 to watch- Watch: Thin at this size51.4 / 19.8 bpAt $10k entering Variational Omni costs 51.4 bp, fee and slippage, 2.6× 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−0.759% vs +0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$166K 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: 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−0.0083%/8h × 21 periods−$17.42
Price spread−0.759% → +0.032% (7d avg)−$79.04
Slippage, 4 orderslive order books−$108.43
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$214.89
Costs to cover1.184%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 23 min ago; BingX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.7351.4 bp−$5193.1 bp−$931doesn’t fitdoesn’t fit
SELL · SHORTBingX4.3919.8 bp−$2048.9 bp−$489104.7 bp−$10.5K719.7 bp−$359.9K
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