Funding arb · Price arb /

YFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Variational Omni−4.995%61s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.995% cheaper against Variational Omni than usual: you would sell low and buy high (−$499 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Variational Omni YFI	2,305.7	0.0100	pay 0.0100% / 8h	8m 20s	$9K	$1K	—
Short	Injective YFI/USDC PERP	2,190.5	0.0033	get 0.0004% / 1h	8m 20s	$2K	$28K	5.5x

Funding 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 it

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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −4.995%Rate

Funding earned: −$14
Price spread: −4.995% → 0.000%: −$499.49
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: −$513.51
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.

YFI on 12 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_YFIUSD	−0.0328%	1h	2,313.6	+0.344%	$47K	$7K	10x	as long as short
Injective YFI/USDC PERPshort	+0.0033%	1h	2,190.5	−4.995%	$2K	$28K	5.5x
BloFin YFI-USDT	+0.0098%	8h	2,307	+0.058%	$118K	$37K	75x	as long as short
Aster YFIUSDT	+0.0100%	8h	2,310.5	+0.211%	$2K	$2K	5x	as long as short
Binance YFIUSDT	+0.0100%	8h	2,310	+0.188%	$2.3M	$3.0M	75x	as long as short
Bybit YFIUSDT	+0.0100%	8h	2,309	+0.145%	$997K	$250K	25x	as long as short
OKX YFI-USDT-SWAP	+0.0100%	8h	2,310	+0.188%	$618K	$822K	20x	as long as short
Gate YFI_USDT	+0.0100%	8h	2,311.6	+0.257%	$309K	$149K	50x	as long as short
MEXC YFI_USDT	+0.0100%	8h	2,307	+0.058%	$726K	$263K	75x	as long as short
KuCoin YFIUSDTM	+0.0100%	8h	2,306.1	+0.019%	$388K	$87K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX YFI-USDT	+0.0100%	8h	2,309	+0.145%	—	$11.7M	—	as long as short
Variational Omni YFIlong	+0.0100%	8h	2,305.7	long leg	$9K	$1K	—