Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 46.500 | −0.0050 | get 0.0050% / 8h | 2h 26m | $989K | $1.2M | — | Long BingX | |
| SHORT | 46.464 | 0 | 0.0000% / 8h | 2h 26m | $186K | $7K | 20x | Short Variational Omni+15% pts |
Price gap−0.078%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.063% under its 7d average: −$6 if it goes back, about 4.2 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0050% /8h now · paid +0.095% over the last 7D
Price−$6spread −0.078% now, avg −0.015% → −0.063% if it goes back
Costs−$1931.935% of $10k · taker + slippage, in and out
Result−$190−1.90%+ 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−0.078%
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
/8hTZA on 9 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size31.6 / 73.7 bpAt $10k entering Variational Omni costs 73.7 bp, fee and slippage, 2.3× 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−0.078% vs −0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$186K vs $989K 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+0.0045%/8h × 21 periods+$9.50
Price spread−0.078% → −0.015% (7d avg)−$6.32
Slippage, 4 orderslive order books−$183.49
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$190.31
Costs to cover1.935%Break-even147.2 days
Slippage: BingX: live order book, 10 min ago; Variational Omni: RFQ quote, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX10.7731.6 bp−$3264.7 bp−$647194.4 bp−$19.4K712.4 bp−$356.2K
SELL · SHORTVariational Omni10.5373.7 bp−$74124.9 bp−$1,249doesn’t fitdoesn’t fit
Closing costs about the same again.