Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 683.80 | +0.0365 | pay 0.0365% / 8h | 6h 08m | $2.7M | $11.1M | 20x | Long Variational Omni+15% pts | |
| SHORT | 684.67 | 0 | 0.0000% / 8h | 6h 08m | $29.8M | $150.9M | 100x | Short Bybit |
Price gap+0.127%
Funding gap−0.0365% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 6 hours. At the last 7 days' pace that is about 4.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0365% /8h now · paid −0.046% over the last 7D
Price+$3spread +0.127% now, avg +0.101% → +0.026% if it goes back
Costs−$300.304% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.046% in total, about −0.0022%/8h on average.
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+0.127%
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
/8hMU on 47 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books7.5 / 9.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $100Variational Omni 20x, Bybit 100x. 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: −$10.94Long Variational Omni: 3 payments, −$10.94; short Bybit: 3 payments, $0.00.
- OK: Entry gap works for you+0.127% vs +0.101%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$2.7M vs $29.8M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0022%/8h × 21 periods−$4.60
Price spread+0.127% → +0.101% (7d avg)+$2.61
Slippage, 4 orderslive order books−$19.45
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$32.43
Costs to cover0.304%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni1.907.5 bp−$712.0 bp−$12054.5 bp−$5,450doesn’t fit
SELL · SHORTBybit0.379.5 bp−$914.9 bp−$14949.6 bp−$4,957doesn’t fit
Closing costs about the same again.
MU news
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