Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.017%
Price spread now: Injective against Variational Omni+1.388%7-day average — · 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)—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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.388% dearer against Variational Omni than usual: you sell high and buy low: +$139 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7141 | −0.0002 | get 0.0001% / 4h | 2h 32m | $1.0M | $713K | — |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 32m 58s | $321 | $51K | 5.5x |
Variational Omni ETHFI
Injective ETHFI/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
- $7.52
- Price spread: +1.388% → 0.000%
- $138.79
- 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
- $146.28
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 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 RFQ quote, 1 min ago | 4.89 bp | doesn't fit | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
ETHFI on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0273% | 4h | 0.7146 | +0.072% | $88K | $169K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7148 | +0.100% | $16K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0169% | 1h | 0.7152 | +0.156% | $41K | $13K | 10x | as long as short |
| Variational Omni ETHFIlong | −0.0002% | 4h | 0.7141 | long leg | $1.0M | $713K | — | |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +1.388% | $321 | $51K | 5.5x | |
| Paradex ETHFI-USD-PERP | +0.0045% | 8h | 0.7149 | +0.113% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7154 | +0.188% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7155 | +0.195% | $18.0M | $8.4M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7152 | +0.149% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7152 | +0.156% | $24.9M | $36.4M | 75x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUAL
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7157 | +0.226% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7167 | +0.366% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7155 | +0.198% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7151 | +0.142% | $15.5M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7158 | +0.240% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7150 | +0.128% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7155 | +0.198% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7163 | +0.305% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.170% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7148 | +0.101% | $98K | $383K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7145 | +0.061% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7161 | +0.282% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7157 | +0.229% | $272K | $186K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD