Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,548.9 | +0.0034 | pay 0.0102% / 24h | 1h 55m | $244K | $1.0M | 6.6x | Long Kalshi | |
| SHORT | 1,548 | +0.0207 | get 0.0103% / 4h | 3h 55m | $430K | $230K | 20x | Short Variational Omni+15% pts |
Price gap−0.056%
Funding gap+0.0173% /8h
Funding pays +$5 a day on $10k, but the gap is 0.055% under its 7d average: −$5 if it goes back, about 25 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5+0.0173% /8h now · paid −0.052% over the last 7D
Price−$5spread −0.056% now, avg −0.001% → −0.055% if it goes back
Costs−$330.333% of $10k · taker + slippage, in and out
Result−$44−0.44%+ 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−0.056%
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
/8hXPT on 24 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books3.8 / 11.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,513 + $500Kalshi 6.6x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.19Long Kalshi: 1 payment, −$1.02; short Variational Omni: 6 payments, +$6.20.
- Watch: Gap narrower than usual−0.056% vs −0.001%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$244K vs $430K OIKalshi sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · Variational Omni NoA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0025%/8h × 21 periods−$5.18
Price spread−0.056% → −0.001% (7d avg)−$5.49
Slippage, 4 orderslive order books−$32.85
Fee Kalshi bp × 2 orders−$0.48
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$44.00
Costs to cover0.333%Break-evennever at this rate
Slippage: Kalshi: live order book, 2 min ago; Variational Omni: RFQ quote, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi2.913.8 bp−$45.9 bp−$59doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni1.8811.9 bp−$1221.7 bp−$217doesn’t fitdoesn’t fit
Closing costs about the same again.
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