Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 147.29 | 0 | 0.0000% / 8h | 5h 54m | $6.2M | $2.0M | 20x | Long Variational Omni+15% pts | |
| SHORT | 147.29 | +0.0050 | get 0.0006% / 1h | 54m 45s | $448K | $31K | 10x | Short Backpack |
Price gap−0.001%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.033% under its 7d average: −$3 if it goes back, about 2.2 days of funding. At the last 7 days' pace that is about 14 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$40+0.0050% /8h now · paid +0.404% over the last 7D
Price−$3spread −0.001% now, avg +0.032% → −0.033% if it goes back
Costs−$210.211% of $10k · taker + slippage, in and out
Result+$16+0.16%+ 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−0.001%
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
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books3.8 / 5.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Variational Omni 20x, Backpack 10x. 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: +$1.50Long Variational Omni: 3 payments, $0.00; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.001% vs +0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$448K vs $6.2M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCVariational Omni No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0192%/8h × 21 periods+$40.38
Price spread−0.001% → +0.032% (7d avg)−$3.30
Slippage, 4 orderslive order books−$11.13
Fee Variational Omni bp × 2 orders$0.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$15.95
Costs to cover0.211%Break-even4.2 days
Slippage: Variational Omni: RFQ quote, 5 min ago; Backpack: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni2.383.8 bp−$45.3 bp−$53doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.345.5 bp−$535.7 bp−$357doesn’t fitdoesn’t fit
Closing costs about the same again.
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