Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,057.2 | +0.0182 | pay 0.0091% / 4h | 3h 57m | $935K | $6.6M | — | Long BingX | |
| SHORT | 1,054.1 | 0 | 0.0000% / 4h | 3h 57m | $487K | $47K | 20x | Short Variational Omni+15% pts |
Price gap−0.300%
Funding gap−0.0182% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.201% 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−$29−0.0182% /8h now · paid −0.285% over the last 7D
Price−$20spread −0.300% now, avg −0.100% → −0.201% if it goes back
Costs−$490.490% of $10k · taker + slippage, in and out
Result−$98−0.98%+ 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−0.300%
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
/8hXPD on 19 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size5.8 / 18.8 bpAt $10k entering Variational Omni costs 18.8 bp, fee and slippage, 3.2× 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 interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$5.46Long BingX: 6 payments, −$5.46; short Variational Omni: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.300% vs −0.100%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$487K vs $935K 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−0.0136%/8h × 21 periods−$28.51
Price spread−0.300% → −0.100% (7d avg)−$20.06
Slippage, 4 orderslive order books−$38.97
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$97.53
Costs to cover0.490%Break-evennever at this rate
Slippage: BingX: live order book, 18 min ago; Variational Omni: RFQ quote, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.625.8 bp−$610.5 bp−$10524.0 bp−$2,396351.8 bp−$175.9K
SELL · SHORTVariational Omni3.3818.8 bp−$1932.4 bp−$324doesn’t fitdoesn’t fit
Closing costs about the same again.
Kalshi