Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.144%
Price spread now: Variational Omni against Injective+10.720%61s7-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 +$2 a day on $10k at the current rate, and Variational Omni is 10.720% dearer against Injective than usual: you sell high and buy low: +$1,072 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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 | Injective RAY/USDC PERP | 1.6428 | 0.0033 | pay 0.0004% / 1h | 16m 16s | $266 | $25 | 5.5x |
| Short | Variational Omni RAY | 1.8189 | 0.0100 | get 0.0050% / 4h | 2h 16m | $715K | $1.1M | — |
Injective RAY/USDC PERP
Variational Omni RAYFunding 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 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: +10.720% → 0.000%
- $1,071.95
- 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
- $1,085.93
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 3 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, 3 min ago | 5.73 bp | doesn't fit | 79.0 bp −$790 | 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.
RAY on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.0047% | 1h | 1.8175 | +10.633% | $107K | $433K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8217 | +10.889% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERPlong | +0.0033% | 1h | 1.6428 | long leg | $266 | $25 | 5.5x | |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8196 | +10.762% | $4.6M | $13.2M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8217 | +10.890% | $578K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8230 | +10.969% | $2.0M | $761K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8225 | +10.939% | $2.6M | $3.3M | 25x | as long as short |
| Variational Omni RAYshort | +0.0100% | 4h | 1.8189 | +10.720% | $715K | $1.1M | — | |
| Bullet RAY-USD | +0.0100% | 1h | 1.8208 | +10.835% | $107K | $46K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8210 | +10.847% | — | $2.6M | 10x | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Bullet RAY-USD
SunX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.0100% | 4h | 1.8220 | +10.908% | $15K | $146K | 20x | as long as short |
| MEXC RAY_USDT | +0.0120% | 8h | 1.8231 | +10.975% | $13.5M | $2.5M | 100x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8206 | +10.823% | $256K | $851K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0405% | 4h | 1.8237 | +11.012% | $253K | $250K | 10x | as long as short |
| BingX RAY-USDT | +0.0436% | 4h | 1.8228 | +10.957% | — | $2.0M | — | as long as short |
| Lighter RAY | +0.0632% | 1h | 1.8262 | +11.164% | $300K | $266K | 5x | as long as short |
HTX RAY-USDT
MEXC RAY_USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC
BingX RAY-USDT
Lighter RAY