Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 357.71 | +0.0359 | pay 0.0359% / 8h | 7h 58m | $75K | $35K | 20x | Long Variational Omni+15% pts | |
| SHORT | 357.54 | 0 | 0.0000% / 8h | 7h 58m | $267K | $1.4M | 20x | Short KuCoin |
Price gap−0.049%
Funding gap−0.0359% /8h
Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.049% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0359% /8h now · paid −0.062% over the last 7D
Price—spread −0.049% now · no price history on both exchanges yet
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.062% in total, about −0.0029%/8h on average.
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−0.049%
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
/8hV on 13 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than KuCoin’s order book right now.
- 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: −$10.78Long Variational Omni: 3 payments, −$10.78; short KuCoin: 3 payments, $0.00.
- Note: No 7-day spread history−0.049%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$75K vs $267K 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 · 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−0.0029%/8h × 21 periods−$6.19
Price spread−0.049% → 0−$4.87
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Variational Omni bp × 2 orders$0.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Variational Omni: RFQ quote, 15 min ago; KuCoin: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.1669.5 bp−$69132.3 bp−$1,323doesn’t fitdoesn’t fit
SELL · SHORTKuCoin7.40doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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