Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 398.84 | 0 | 0.0000% / 8h | 7h 59m | $53K | $122K | 20x | Long Variational Omni+15% pts | |
| SHORT | 400.02 | +0.0050 | get 0.0050% / 8h | 7h 59m | $987K | $1.2M | — | Short BingX |
Price gap+0.296%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.246% above its 7d average: +$25 more if it goes back.
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+$25spread +0.296% now, avg +0.050% → +0.246% if it goes back
Costs−$2702.698% of $10k · taker + slippage, in and out
Result−$226−2.26%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.296%
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
3 ok · 3 to watch- Watch: Thin at this size121.1 / 22.1 bpAt $10k entering Variational Omni costs 121.1 bp, fee and slippage, 5.5× BingX’s.
- Note: Margin at max leverage$500 + —Variational Omni 20x, BingX —. 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 Variational Omni: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.296% vs +0.050%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$53K 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: KYCVariational Omni No · BingX YesAdvanced 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+0.296% → +0.050% (7d avg)+$24.56
Slippage, 4 orderslive order books−$259.76
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$226.40
Costs to cover2.698%Break-even91.3 days
Slippage: Variational Omni: RFQ quote, 58 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni9.93121.1 bp−$121229.8 bp−$2,298doesn’t fitdoesn’t fit
SELL · SHORTBingX12.7722.1 bp−$2273.5 bp−$735128.8 bp−$12.9K630.2 bp−$315.1K
Closing costs about the same again.
Avantis