Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 136.84 | 0 | 0.0000% / 8h | 1h 45m | $1.4M | $538K | 20x | Long Variational Omni+15% pts | |
| SHORT | 137.00 | +0.0048 | get 0.0006% / 1h | 45m 35s | $351K | $140K | 20x | Short Popdex |
Price gap+0.116%
Funding gap+0.0048% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.106% above its 7d average: +$11 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0048% /8h now · paid +0.043% over the last 7D
Price+$11spread +0.116% now, avg +0.010% → +0.106% if it goes back
Costs−$430.435% of $10k · taker + slippage, in and out
Result−$29−0.29%+ Points / potential airdropVariational Omni: 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+0.116%
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
/8hORCL on 30 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size18.6 / 7.2 bpAt $10k entering Variational Omni costs 18.6 bp, fee and slippage, 2.6× Popdex’s.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, Popdex 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: +$1.44Long Variational Omni: 3 payments, $0.00; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.116% vs +0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$351K vs $1.4M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0022%/8h × 21 periods+$4.57
Price spread+0.116% → +0.010% (7d avg)+$10.60
Slippage, 4 orderslive order books−$37.10
Fee Variational Omni bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$28.32
Costs to cover0.435%Break-even50.4 days
Slippage: Variational Omni: RFQ quote, 5 min ago; Popdex: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.6418.6 bp−$1931.2 bp−$312doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.107.2 bp−$736.7 bp−$367doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-29 19:30 | Vest Markets | Other | Heading into the close, $ORCL is up around 4.2% with the launch of Fusion Claw, which adds 25 agentic applications. The company also introduced a native NetApp storage service on its cloud, with a full rollout planned within 12 months. The move puts the shares on pace to snap a four-day losing streak that had taken them about 11% lower. @VestExchange on X ↗ |
| 09-28 17:30 | Vest Markets | Other | Oracle's AI financing model is drawing fresh skepticism, with $ORCL down around 2.7% on the session. S&P lowered the credit rating to BBB-, the shares drew a Sell rating this morning, and five-year default swaps reached a record 227 basis points last week. The $18B of debt tied to Project Jupiter is quoted near 89 cents on the dollar, with about half of Oracle's $664B backlog tied to OpenAI. @VestExchange on X ↗ |
| 09-27 09:40 | Kalshi | Other | JUST IN: Oracle reportedly gave Larry Ellison and co-CEOs nearly $1 billion in stock options that "had no value" by fiscal year-end @Kalshi on X ↗ |
| 09-25 03:59 | Kalshi | Other | JUST IN: Oracle's "investment grade" bond closed at 8.10%, in line with B3/B- junk @Kalshi on X ↗ |
| 09-24 13:30 | Vest Markets | Other | $ORCL is down around 5.4% into the open, with a reported force majeure notice to its New Mexico data center developer. The notice goes to developer Blue Owl on Project Jupiter, seeking to defer payments if the 1,400-acre campus behind Oracle's OpenAI capacity deal slips past 2028. Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |


Kalshi