Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 42.597 | 0 | 0.0000% / 8h | 5h 30m | $192K | $12K | 20x | Long Variational Omni+15% pts | |
| SHORT | 42.690 | 0 | 0.0000% / 8h | 5h 30m | $19K | $800K | 20x | Short KuCoin |
Price gap+0.218%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$310.0000% /8h now · paid +0.308% over the last 7D
Price+$13spread +0.218% now, avg +0.086% → +0.132% if it goes back
Costs−$9009.005% of $10k · taker + slippage, in and out
Result−$856−8.56%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
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+0.218%
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
/8hURNM on 18 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size367.1 / 134.1 bpAt $10k entering Variational Omni costs 367.1 bp, fee and slippage, 2.7× KuCoin’s.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, KuCoin 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: $0.00Long Variational Omni: 3 payments, $0.00; short KuCoin: 3 payments, $0.00.
- OK: Entry gap works for you+0.218% vs +0.086%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$19K vs $192K OIKuCoin 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 · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0147%/8h × 21 periods+$30.80
Price spread+0.218% → +0.086% (7d avg)+$13.24
Slippage, 4 orderslive order books−$888.49
Fee Variational Omni bp × 2 orders$0.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$856.45
Costs to cover9.005%Break-even201.6 days
Slippage: Variational Omni: RFQ quote, 23 min ago; KuCoin: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni12.16367.1 bp−$367712.0 bp−$7,120doesn’t fitdoesn’t fit
SELL · SHORTKuCoin5.85134.1 bp−$134doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-21 09:00 | KuCoin | Listing | new market URNMUSDTM ($URNM) seen by our collector |
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