Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Variational Omni−8.837%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.837% cheaper against Variational Omni than usual: you would sell low and buy high (−$884 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni DRIFT | 0.01745 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $23K | $6K | — |
| Short | Injective DRIFT/USDC PERP | 0.01591 | 0.0033 | get 0.0004% / 1h | 46m 51s | — | $9K | 5.5x |
Variational Omni DRIFT
Injective DRIFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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: −8.837% → 0.000%
- −$883.72
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$897.74
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Injective: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Variational Omni and 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.
DRIFT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERPshort | +0.0033% | 1h | 0.01591 | −8.837% | — | $9K | 5.5x | |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01756 | +0.629% | $2.4M | $6.8M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01747 | +0.119% | $2.4M | $2.9M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01748 | +0.159% | $128K | $237K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01753 | +0.445% | $419K | $172K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01747 | +0.101% | $692K | $127K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01750 | +0.273% | $540K | $360K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01750 | +0.273% | — | $6.6M | — | as long as short |
| Variational Omni DRIFTlong | +0.0100% | 4h | 0.01745 | long leg | $23K | $6K | — | |
| BloFin DRIFT-USDT | +0.0143% | 4h | 0.01748 | +0.159% | $152K | $10K | 20x | as long as short |
Binance DRIFTUSDT
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
BloFin DRIFT-USDT