Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.940 | +0.0456 | pay 0.0057% / 1h | 4m 07s | $216K | $14K | 10x | Long Paragon | |
| SHORT | 15.972 | +0.0246 | get 0.0246% / 8h | 4m 07s | $40K | $56K | 20x | Short Variational Omni+15% pts |
Price gap+0.199%46s
Funding gap−0.0210% /8h
The gap pays +$20 on $10k if it goes back to zero (no 7-day history yet), but funding costs $6 a day and eats that in about 3.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0210% /8h now · no funding history yet
Price—spread +0.199%46s now · prices read too far apart to compare
Costs−$1631.631% of $10k · taker + slippage, in and out
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+0.199%
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 11 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size28.2 / 48.6 bpAt $10k entering Variational Omni costs 48.6 bp, fee and slippage, 1.7× Paragon’s.
- Note: Margin at max leverage$1,000 + $500Paragon 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: −$6.30Long Paragon: 24 payments, −$13.68; short Variational Omni: 3 payments, +$7.37.
- Watch: Prices read 46 s apart+0.199% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$40K vs $216K OIVariational Omni 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 legParagon No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$44.12
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$161.29
Fee Paragon bp × 2 orders−$1.80
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$207.22
price spread not counted: prices read too far apartCosts to cover1.631%Break-evennever at this rate
Slippage: Paragon: live order book, 30 min ago; Variational Omni: RFQ quote, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon26.9828.2 bp−$28135.5 bp−$1,355doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni9.9948.6 bp−$4984.6 bp−$846doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 20:41 | Variational Omni | Listing | SoFi Technologies $SOFI perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗ |
| 09-30 20:06 | Variational Omni | Listing | new market SOFI ($SOFI) seen by our collector |
| 09-25 16:59 | Paragon | Other | SoFi opened crypto transfers to outside wallets, with bank custody and a fixed network fee. $SOFI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗ |

