Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0998%/8h= +109.2% APRpaid last 24h +0.168%

Price spread now: Variational Omni against Injective−8.975%7-day average — · you buy dearer than you sell

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

Long on Injective 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 8.975% cheaper against Injective than usual: you would sell low and buy high (spread −8.975% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$898 on $10k: about 30 days of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BX/USDC PERP	138.82	0.0220	pay 0.0028% / 1h	48m 57s	$4K	$32K	12x
Short	Variational Omni BX	126.36	0.1218	get 0.1218% / 8h	6h 48m	$31K	$127	—

Funding 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 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now −8.975%Rate

Funding earned: $209.48
Price spread: −8.975% → 0.000%: −$897.54
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: −$688.07
Costs to cover: 0.000%
Break-even: 30.0 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Injective and 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.

BX on 14 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
tradeXYZ xyz:BX	−0.0841%	1h	126.26	−9.048%	$664K	$209K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.31	−9.009%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.33	−8.997%	$486K	$865K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.04	−8.486%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.40	−8.947%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.50	−8.875%	$898K	$38K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.37	−8.968%	$330	$306K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.44	−8.918%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0167%	8h	126.39	−8.954%	$164K	$113K	20x	as long as short
Injective BX/USDC PERPlong	+0.0220%	1h	138.82	long leg	$4K	$32K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0961%	8h	126.31	−9.012%	$114K	$1.1M	20x	as long as short
GRVT BX_USDT_Perp	+0.1049%	8h	126.39	−8.954%	$661	$121K	10x	as long as short
Variational Omni BXshort	+0.1218%	8h	126.36	−8.975%	$31K	$127	—
Binance BXUSDT	+0.1583%	8h	126.39	−8.954%	$791K	$475K	20x	as long as short