Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 46.504 | 0 | 0.0000% / 8h | 1h 44m | $186K | $5K | 20x | Long Variational Omni+15% pts | |
| SHORT | 46.440 | −0.0050 | pay 0.0050% / 8h | 1h 44m | $989K | $1.2M | — | Short BingX |
Price gap−0.138%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.155% 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−$10−0.0050% /8h now · paid −0.095% over the last 7D
Price−$15spread −0.138% now, avg +0.016% → −0.155% if it goes back
Costs−$1831.829% of $10k · taker + slippage, in and out
Result−$208−2.08%+ 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−0.138%
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 size73.0 / 29.8 bpAt $10k entering Variational Omni costs 73.0 bp, fee and slippage, 2.5× 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.
- Watch: Gap narrower than usual−0.138% vs +0.016%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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: 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−0.0045%/8h × 21 periods−$9.50
Price spread−0.138% → +0.016% (7d avg)−$15.45
Slippage, 4 orderslive order books−$172.91
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$207.87
Costs to cover1.829%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 18 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni10.4773.0 bp−$73123.1 bp−$1,231doesn’t fitdoesn’t fit
SELL · SHORTBingX3.2329.8 bp−$3073.6 bp−$736234.3 bp−$23.4K830.4 bp−$415.2K
Closing costs about the same again.