INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.003%

Price spread now: Variational Omni against BloFin−0.168%56s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.168% cheaper against BloFin than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 39 days of funding at the current rate ($0 a day). The two prices were read 56 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	BloFin INIT-USDT	0.08342	0.0086	pay 0.0043% / 4h	1h 20m	$153K	$113K	25x
Short	Variational Omni INIT	0.08328	0.0100	get 0.0050% / 4h	1h 20m	$26K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: $3.04
Price spread: −0.168% → 0.000%: −$16.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.79
Costs to cover: 0.120%
Break-even: 66.3 days

Slippage unknown: BloFin: live order book, 16 min ago; 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 BloFin live order book, 16 min ago	3.62 bp	27.8 bp −$28	75.7 bp −$757	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

INIT 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
BloFin INIT-USDTlong	+0.0086%	4h	0.08342	long leg	$153K	$113K	25x
Hyperliquid INIT	+0.0100%	1h	0.08330	−0.147%	$303K	$227K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08326	−0.190%	$27K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08325	−0.207%	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08320	−0.264%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08324	−0.216%	$138K	$669K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08308	−0.408%	$84K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08332	−0.120%	$451K	$211K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08322	−0.240%	$328K	$55K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08328	−0.168%	$432K	$315K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08320	−0.264%	—	$6.6M	—	as long as short
Variational Omni INITshort	+0.0100%	4h	0.08328	−0.168%	$26K	$23K	—
Kraken Futures PF_INITUSD	+0.0240%	1h	0.08279	−0.755%	$3K	$19K	10x	as long as short