Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 208.77 | +0.0050 | pay 0.0050% / 8h | 5h 59m | $950K | $1.3M | — | Long BingX | |
| SHORT | 208.60 | 0 | 0.0000% / 8h | 5h 59m | $293K | $28K | 20x | Short Variational Omni+15% pts |
Price gap−0.083%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.049% 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−$25−0.0050% /8h now · paid −0.250% over the last 7D
Price−$5spread −0.083% now, avg −0.034% → −0.049% if it goes back
Costs−$1561.556% of $10k · taker + slippage, in and out
Result−$186−1.86%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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−0.083%
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
/8hTTWO on 15 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size15.7 / 56.7 bpAt $10k entering Variational Omni costs 56.7 bp, fee and slippage, 3.6× 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−0.083% vs −0.034%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$293K vs $950K 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−0.0119%/8h × 21 periods−$25.02
Price spread−0.083% → −0.034% (7d avg)−$4.92
Slippage, 4 orderslive order books−$145.62
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$185.56
Costs to cover1.556%Break-evennever at this rate
Slippage: BingX: live order book, 13 min ago; Variational Omni: RFQ quote, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX7.6615.7 bp−$1668.9 bp−$689130.1 bp−$13.0K918.7 bp−$459.4K
SELL · SHORTVariational Omni4.5056.7 bp−$57102.0 bp−$1,020doesn’t fitdoesn’t fit
Closing costs about the same again.
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