Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Variational Omni against Injective+4.550%76s7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 4.550% dearer against Injective than usual: you sell high and buy low: +$455 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 76 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 DEXE/USDC PERP	1.8600	0.0033	pay 0.0004% / 1h	31m 55s	—	$3K	5.5x
Short	Variational Omni DEXE	1.9446	0.0100	get 0.0050% / 4h	1h 31m	$35K	$388	—

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 +4.550%Rate

Funding earned: $14
Price spread: +4.550% → 0.000%: $454.95
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: $468.93
Costs to cover: 0.000%
Break-even: from the start

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.

DEXE 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
Injective DEXE/USDC PERPlong	+0.0033%	1h	1.8600	long leg	—	$3K	5.5x
Aster DEXEUSDT	+0.0100%	4h	1.9470	+4.677%	$173K	$30K	5x	as long as short
Binance DEXEUSDT	+0.0100%	4h	1.9455	+4.597%	$7.0M	$8.5M	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9450	+4.570%	$472K	$804K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9440	+4.516%	$1.8M	$230K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9430	+4.462%	$3.2M	$501K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9460	+4.624%	—	$1.8M	—	as long as short
Variational Omni DEXEshort	+0.0100%	4h	1.9446	+4.550%	$35K	$388	—
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9440	+4.516%	$8K	—	10x	as long as short
BloFin DEXE-USDT	+0.0340%	4h	1.9430	+4.462%	$396K	$36K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DEXEUSDT	+0.0342%	4h	1.9476	+4.710%	$2.4M	$911K	20x	as long as short
Kraken Futures PF_DEXEUSD	+0.0479%	1h	1.9438	+4.504%	$42K	$52K	20x	as long as short