Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Injective−0.989%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. Variational Omni is 0.989% cheaper against Injective than usual: you would sell low and buy high (spread −0.989% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$99 on $10k: about 24 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOT/USDC PERP	1.2020	−0.0040	get 0.0005% / 1h	56m 56s	$328	$121K	12x
Short	Variational Omni DOT	1.1901	0.0100	get 0.0100% / 8h	1h 56m	$541K	$92K	—

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 −0.989%Rate

Funding earned: $29.41
Price spread: −0.989% → 0.000%: −$98.93
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: −$69.54
Costs to cover: 0.000%
Break-even: 23.6 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 27 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, 27 min ago	3.18 bp	doesn't fit	26.9 bp −$269	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.

DOT on 29 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 DOT_USDC-PERPETUAL	−0.0838%	1h	1.1934	−0.715%	$218K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1911	−0.905%	$258	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.1900	−0.998%	$183K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0054%	1h	1.1937	−0.692%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERPlong	−0.0040%	1h	1.2020	long leg	$328	$121K	12x
OKX DOT-USDT-SWAP	−0.0024%	8h	1.1947	−0.607%	$9.4M	$23.4M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1916	−0.865%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1926	−0.780%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0016%	8h	1.1936	−0.699%	$6.8M	$8.7M	75x	as long as short
Extended DOT-USD	+0.0048%	1h	1.1938	−0.680%	$15K	$235K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0050%	8h	1.1950	−0.584%	$44.0M	$80.8M	75x	as long as short
MEXC DOT_USDT	+0.0052%	8h	1.1951	−0.574%	$35.9M	$35.6M	300x	as long as short
Lighter DOT	+0.0096%	1h	1.1929	−0.759%	$250K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1943	−0.641%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1926	−0.782%	$886K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1946	−0.616%	$24.4M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1950	−0.582%	$6.8M	$11.3M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1940	−0.666%	$22.8M	$14.0M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1949	−0.591%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1937	−0.691%	$99K	$127K	10x	as long as short
Variational Omni DOTshort	+0.0100%	8h	1.1901	−0.989%	$541K	$92K	—
edgeX DOTUSDC	+0.0100%	4h	1.1893	−1.054%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1897	−1.023%	$230K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1920	−0.832%	$8K	$25K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1927	−0.774%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1892	−1.065%	$245K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0170%	8h	1.1929	−0.757%	$2.3M	$762K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0297% / S −0.0774%	1h	1.1921	−0.824%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0359%	8h	1.1930	−0.749%	$2.2M	$2.1M	50x	as long as short