Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Injective+0.973%46s7-day average +0.281% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.924%−$92 · spread now +0.973%, 7d avg +0.281%
=Together, before fees−0.884%+ Points / potential airdropVariational Omni: Active · farm board−$88 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.692% dearer against Injective than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.281%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ADA/USDC PERP | 0.2471 | 0.0033 | pay 0.0004% / 1h | 18m 29s | $849 | $202K | 12x |
| Short | Variational Omni ADA | 0.2495 | 0.0100 | get 0.0100% / 8h | 5h 18m | $4.3M | $1.1M | — |
Injective ADA/USDC PERP
Variational Omni ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: +0.973% → +0.281%
- $69.2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $83.18
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 8.05 bp | doesn't fit | 12.1 bp −$121 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ADA on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2480 | +0.383% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2484 | +0.541% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERPlong | +0.0033% | 1h | 0.2471 | long leg | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2485 | +0.567% | $416K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2484 | +0.518% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2482 | +0.453% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2481 | +0.405% | $105.5M | $371.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2479 | +0.324% | $72.2M | $110.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2481 | +0.405% | $33.1M | $106.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2479 | +0.324% | $99.7M | $60.4M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2481 | +0.405% | $57.7M | $60.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2480 | +0.368% | $29.8M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2478 | +0.283% | $66.4M | $49.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2482 | +0.445% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2484 | +0.518% | $139K | $433K | 15x | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2495 | +0.973% | $4.3M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2495 | +0.987% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2482 | +0.456% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2496 | +1.012% | $230K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2479 | +0.328% | $96K | $678K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2484 | +0.526% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2485 | +0.563% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2485 | +0.566% | $9K | $746K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2485 | +0.546% | $342 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2486 | +0.619% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2484 | +0.526% | $48.3M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2488 | +0.688% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2481 | +0.399% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0110% | 8h | 0.2482 | +0.453% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0128% | 1h | 0.2481 | +0.397% | $43.1M | $14.4M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2492 | +0.846% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0192% | 1h | 0.2486 | +0.591% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2485 | +0.567% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0258% | 1h | 0.2484 | +0.517% | $6.3M | $12.6M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2479 | +0.322% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0487% / S −0.0279% | 1h | 0.2484 | +0.527% | $109K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0515% | 1h | 0.2485 | +0.587% | $587K | $443K | 50x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL