Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.837 | +0.0410 | pay 0.0410% / 8h | 6h 12m | $85K | $3K | 20x | Long Variational Omni+15% pts | |
| SHORT | 16.890 | −0.0001 | 0.0000% / 1h | 12m 48s | $370K | $59K | 30x | Short QFEX |
Price gap+0.315%47s
Funding gap−0.0411% /8h
The gap pays +$31 on $10k if it goes back to zero (no 7-day history yet), but funding costs $12 a day and eats that in about 2.6 days.
The two prices were read 47 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0411% /8h now · no funding history yet
Price—spread +0.315%47s now · prices read too far apart to compare
Costs−$2392.394% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.315%
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
/8hUVXY on 16 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size59.3 / 67.1 bpAt $10k entering QFEX costs 67.1 bp, fee and slippage, 1.1× Variational Omni’s.
- Note: Margin at max leverage$500 + $333Variational Omni 20x, QFEX 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$12.32Long Variational Omni: 3 payments, −$12.30; short QFEX: 24 payments, −$0.03.
- Watch: Prices read 47 s apart+0.315% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$85K vs $370K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$86.27
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$229.45
Fee Variational Omni bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$325.72
price spread not counted: prices read too far apartCosts to cover2.394%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 9 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.6259.3 bp−$59103.7 bp−$1,037doesn’t fitdoesn’t fit
SELL · SHORTQFEX2.9667.1 bp−$67doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.