Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h −0.022%

Price spread now: Variational Omni against Injective+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.061% dearer against Injective than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$147 a day in funding at the current rate, which eats that in about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALT/USDC PERP	0.007604	0.5000	pay 0.0625% / 1h	9m 22s	$827	$4K	5.5x
Short	Variational Omni ALT	0.007609	0.0100	get 0.0050% / 4h	2h 09m	$4K	$15K	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersPrice spread, now +0.061%Rate

Funding earned: −$1,029
Price spread: +0.061% → 0.000%: $6.14
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: −$1,022.88
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: no order-book sample. 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 no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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.

ALT on 13 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
Deribit ALT_USDC-PERPETUAL	−0.0013%	1h	0.007604	0.000%	—	$0	25x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007595	−0.118%	$1.1M	$189K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007604	0.000%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007598	−0.079%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007601	−0.039%	$50K	$408K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007603	−0.013%	$410K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007610	+0.079%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007598	−0.079%	$600K	$114K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007601	−0.039%	—	$1.3M	—	as long as short
Variational Omni ALTshort	+0.0100%	4h	0.007609	+0.061%	$4K	$15K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0207%	1h	0.007611	+0.097%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007644	+0.526%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERPlong	+0.5000%	1h	0.007604	long leg	$827	$4K	5.5x