Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.100 | +0.0194 | pay 0.0194% / 8h | 3h 29m | $911K | $1.6M | — | Long BingX | |
| SHORT | 14.079 | 0 | 0.0000% / 8h | 3h 29m | $112K | $104K | 20x | Short Variational Omni+15% pts |
Price gap−0.148%
Funding gap−0.0194% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.106% 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−$31−0.0194% /8h now · paid −0.310% over the last 7D
Price−$11spread −0.148% now, avg −0.042% → −0.106% if it goes back
Costs−$1781.782% of $10k · taker + slippage, in and out
Result−$220−2.20%+ 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−0.148%
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
/8hUSAR on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size13.3 / 58.9 bpAt $10k entering Variational Omni costs 58.9 bp, fee and slippage, 4.4× 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: −$5.82Long BingX: 3 payments, −$5.82; short Variational Omni: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.148% vs −0.042%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$112K vs $911K 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−0.0148%/8h × 21 periods−$31.00
Price spread−0.148% → −0.042% (7d avg)−$10.56
Slippage, 4 orderslive order books−$168.15
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$219.71
Costs to cover1.782%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; Variational Omni: RFQ quote, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.5613.3 bp−$1331.8 bp−$318173.3 bp−$17.3K614.4 bp−$307.2K
SELL · SHORTVariational Omni9.8058.9 bp−$5998.8 bp−$988doesn’t fitdoesn’t fit
Closing costs about the same again.