Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0895%/8h= −98.0% APRpaid last 24h −0.168%

Price spread now: Injective against Variational Omni+9.952%7-day average — · you sell dearer than you buy

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

The price spread pays, funding is against you. Injective is 9.952% dearer against Variational Omni than usual: you sell high and buy low (spread +9.952% now, against zero (this spread has no 7-day history yet)): +$995 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BX	126.26	0.1115	pay 0.1115% / 8h	6h 26m	$31K	$127	—
Short	Injective BX/USDC PERP	138.82	0.0220	get 0.0028% / 1h	26m 45s	$4K	$32K	12x

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 +9.952%Rate

Funding earned: −$188.03
Price spread: +9.952% → 0.000%: $995.17
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: $807.12
Costs to cover: 0.000%
Break-even: from the start

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.

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	−0.0808%	1h	126.30	+0.035%	$664K	$210K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.26	0.000%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.31	+0.043%	$485K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.01	+0.598%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.36	+0.083%	$423K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.130%	$898K	$36K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.31	+0.043%	$517	$307K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.29	+0.027%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0118%	8h	126.51	+0.202%	$164K	$114K	20x	as long as short
Injective BX/USDC PERPshort	+0.0220%	1h	138.82	+9.952%	$4K	$32K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0354%	8h	126.34	+0.066%	$390	$119K	10x	as long as short
KuCoin BXUSDTM	+0.0835%	8h	126.27	+0.012%	$114K	$1.0M	20x	as long as short
Variational Omni BXlong	+0.1115%	8h	126.26	long leg	$31K	$127	—
Binance BXUSDT	+0.1434%	8h	126.40	+0.111%	$790K	$476K	20x	as long as short