Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 399.85 | +0.0050 | pay 0.0050% / 8h | 7h 15m | $987K | $1.2M | — | Long BingX | |
| SHORT | 399.19 | 0 | 0.0000% / 8h | 7h 15m | $42K | $130K | 20x | Short Variational Omni+15% pts |
Price gap−0.164%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.113% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0050% /8h now · paid −0.188% over the last 7D
Price−$11spread −0.164% now, avg −0.052% → −0.113% if it goes back
Costs−$1801.798% of $10k · taker + slippage, in and out
Result−$210−2.10%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitBingX: thin, under $1M open interest · Variational Omni: thin, under $1M open interest
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−0.164%
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
/8hTER on 12 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size26.5 / 64.7 bpAt $10k entering Variational Omni costs 64.7 bp, fee and slippage, 2.4× 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: −$1.50Long BingX: 3 payments, −$1.50; short Variational Omni: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.164% vs −0.052%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$42K vs $987K 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 earned−0.0089%/8h × 21 periods−$18.79
Price spread−0.164% → −0.052% (7d avg)−$11.26
Slippage, 4 orderslive order books−$169.75
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$209.80
Costs to cover1.798%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; Variational Omni: RFQ quote, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX14.4226.5 bp−$2782.6 bp−$826132.7 bp−$13.3K652.4 bp−$326.2K
SELL · SHORTVariational Omni10.5164.7 bp−$65112.4 bp−$1,124doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis