Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 17.093 | +0.0032 | pay 0.0004% / 1h | 4m 40s | $62K | $108K | 10x | Long Lighter RH+10% pts | |
| SHORT | 17.147 | 0 | 0.0000% / 8h | 4h 04m | $142K | $318K | 20x | Short Variational Omni+15% pts |
Price gap+0.314%
Funding gap−0.0032% /8h
The gap pays +$32 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 33 days. At the last 7 days' pace that is about 9.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$23−0.0032% /8h now · paid −0.230% over the last 7D
Price+$32spread +0.314% now, avg −0.002% → +0.316% if it goes back
Costs−$760.760% of $10k · taker + slippage, in and out
Result−$67−0.67%+ Points / potential airdropLighter RH: Points live · Variational 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+0.314%
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
/8hSOFI on 16 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size7.7 / 30.5 bpAt $10k entering Variational Omni costs 30.5 bp, fee and slippage, 3.9× Lighter RH’s.
- Note: Margin at max leverage$1,000 + $500Lighter RH 10x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.96Long Lighter RH: 24 payments, −$0.96; short Variational Omni: 3 payments, $0.00.
- OK: Entry gap works for you+0.314% vs −0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$62K vs $142K OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0110%/8h × 21 periods−$23.01
Price spread+0.314% → −0.002% (7d avg)+$31.63
Slippage, 4 orderslive order books−$75.95
Fee Lighter RH bp × 2 orders$0.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$67.33
Costs to cover0.760%Break-evennever at this rate
Slippage: Lighter RH: live order book, 2 min ago; Variational Omni: RFQ quote, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.527.7 bp−$8106.1 bp−$1,061doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni9.5030.5 bp−$3151.6 bp−$516doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-28 08:42 | Bitget | Other | $SOFI surged after beating both EPS and revenue expectations. What's your take on the move? @bitget on X ↗ |
| 10-23 16:53 | Backpack | Other | Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗ |
| 10-14 09:14 | OKX | Listing | new market SOFI-USDT-SWAP ($SOFI) seen by our collector |
| 10-12 09:00 | KuCoin | Listing | new market SOFIUSDTM ($SOFI) seen by our collector |
| 10-08 18:33 | Avantis | Other | 3/ Mobility and fintech $UBER: rides, delivery and robotaxis. $GRAB: Southeast Asia superapp for rides, food and payments. $SOFI: the digital bank for loans, banking and investing. @verantaxyz on X ↗ |
| 10-07 16:51 | Avantis | Listing | new market SOFI/USD ($SOFI) seen by our collector |


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