Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.6350 | +0.0011 | pay 0.0011% / 8h | 1h 45m | $918K | $1.2M | — | Long BingX | |
| SHORT | 7.5896 | 0 | 0.0000% / 8h | 1h 45m | $20K | $75K | 20x | Short Variational Omni+15% pts |
Price gap−0.594%
Funding gap−0.0011% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.594% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0011% /8h now · no funding history yet
Price—spread −0.594% now · no price history on both exchanges yet
Costs−$1601.598% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.594%
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
/8hONDS on 13 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size15.4 / 67.2 bpAt $10k entering Variational Omni costs 67.2 bp, fee and slippage, 4.4× 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: −$0.32Long BingX: 3 payments, −$0.32; short Variational Omni: 3 payments, $0.00.
- Note: No 7-day spread history−0.594%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$20K vs $918K 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 earnedno history yet: current rate−$2.23
Price spread−0.594% → 0−$59.43
Slippage, 4 orderslive order books−$149.81
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$221.47
Costs to cover1.598%Break-evennever at this rate
Slippage: BingX: live order book, 21 min ago; Variational Omni: RFQ quote, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX5.9115.4 bp−$1562.2 bp−$622133.6 bp−$13.4K562.4 bp−$281.2K
SELL · SHORTVariational Omni10.3567.2 bp−$67116.9 bp−$1,169doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 16:22 | Variational Omni | Listing | Ondas $ONDS perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗ |
| 09-29 14:35 | Variational Omni | Listing | new market ONDS ($ONDS) seen by our collector |

