Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.6160 | +0.0100 | pay 0.0100% / 8h | 29m 05s | $1.5M | $2.6M | 50x | Long Phemex | |
| SHORT | 7.6402 | +0.0089 | get 0.0089% / 8h | 29m 05s | $355K | $450K | 50x | Short Variational Omni+15% pts |
Price gap+0.317%
Funding gap−0.0011% /8h
The gap pays +$42 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 4 months. At the last 7 days' pace that is about 25 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$257−0.0011% /8h now · paid −2.571% over the last 7D
Price+$42spread +0.317% now, avg −0.100% → +0.417% if it goes back
Costs−$910.915% of $10k · taker + slippage, in and out
Result−$307−3.07%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Variational Omni price against Phemexnow
RANGE STATS · 7D
Now+0.317%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINJ on 24 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size26.6 / 16.0 bpAt $10k entering Phemex costs 26.6 bp, fee and slippage, 1.7× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$0.34Long Phemex: 3 payments, −$3.00; short Variational Omni: 3 payments, +$2.66.
- OK: Entry gap works for you+0.317% vs −0.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$355K vs $1.5M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · Variational Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1358%/8h × 21 periods−$285.12
Price spread+0.317% → −0.100% (7d avg)+$41.74
Slippage, 4 orderslive order books−$79.50
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$334.88
Costs to cover0.915%Break-evennever at this rate
Slippage: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.5826.6 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.3616.0 bp−$1627.3 bp−$273doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:00 | Injective | Other | Tomorrow, the Injective Stockdrop goes live. Tokenized stock claims begin. Loyal ninjas who burned $INJ finally discover which onchain stock is waiting for them as a reward. 12 hours until the drop 🔥 @injective on X ↗ |
| 09-30 01:05 | Reya | Listing | INJRUSDPERP no longer reported ($INJ) seen by our collector |
| 09-29 18:25 | Injective | Token | Huge day tomorrow. Nearly $300,000 worth of $INJ will be bought back and burned forever. Loyal users of Injective will have a chance to earn onchain stock tokens for the first time for participating in the INJ buyback. @injective on X ↗ |
| 09-29 16:38 | Injective | Other | The Injective @fomo thesis competition has concluded. $INJ has been sent to all of the winners. Top winners: 1. @itesaitama: 2. @greyvese: 3. @reebmughal: We’ve also listed the runners-up below, who will share an additional 50 $INJ equally. Congratulations to all the winners and runners-up! Stay tuned for new upcoming contests. @injective on X ↗ |
| 09-29 11:41 | Injective | Other | The status of regulated institutional INJ products: $INJ ETP in Europe: Live $INJ Regulated U.S. Futures: Live $INJ 21Shares U.S. Spot ETF: Amended S-1/A with the SEC a few days ago Canary Staked $INJ U.S. ETF: Amendment No. 3 announced with an aim to stake 90% of INJ @injective on X ↗ |
| 09-29 05:27 | Injective | Other | First ever Injective Stockdrop. This week. A chance to get onchain stocks for Nvidia, $AMC, Meta and more while burning $INJ forever. Get ready 🥷 @injective on X ↗ |
Injective
Reya