Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 152.74 | +0.0167 | pay 0.0167% / 8h | 1h 09m | $2.0M | $816K | 20x | Long Variational Omni+15% pts | |
| SHORT | 152.74 | +0.0100 | get 0.0013% / 1h | 9m 38s | $15K | $136K | 20x | Short TxFlow5% off |
Price gap+0.001%
Funding gap−0.0067% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13−0.0067% /8h now · paid +0.133% over the last 7D
Price−$1spread +0.001% now, avg +0.010% → −0.009% if it goes back
Costs−$510.510% of $10k · taker + slippage, in and out
Result−$39−0.39%+ Points / potential airdropVariational Omni: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.001%
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
/8hNBIS on 35 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Large against open interest6.3 / 13.8 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.00Long Variational Omni: 3 payments, −$5.00; short TxFlow: 24 payments, +$3.00.
- Note: Gap at its usual level+0.001% vs +0.010%The price leg adds little either way.
- Watch: Short leg is thinner$15K vs $2.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0063%/8h × 21 periods+$13.27
Price spread+0.001% → +0.010% (7d avg)−$0.91
Slippage, 4 orderslive order books−$41.97
Fee Variational Omni bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$38.61
Costs to cover0.510%Break-even27.4 days
Slippage: Variational Omni: RFQ quote, 1 min ago; TxFlow: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.426.3 bp−$67.8 bp−$78doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.9413.8 bp−$1446.9 bp−$469doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-15 18:30 | Kalshi | Other | JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗ |
| 10-15 16:35 | Vest Markets | Other | Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗ |
| 10-07 21:53 | BingX | Other | Is $NBIS entering its next growth phase? 👀 Nebius is strengthening its AI stack with Inferize while scaling U.S. infrastructure. See the full breakdown👇 @BingXOfficial on X ↗ |
| 10-06 16:38 | Vest Markets | Other | AI-infrastructure names are trading higher, with $NBIS up around 8% on the session. Inference-optimization firm Inferize has been added to the Token Factory platform, alongside 50 MW of data-center capacity under a 12-year deal. Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |

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