INIT

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days+0.120%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INIT	0.08033	0.0100	pay 0.0050% / 4h	2h 00m	$25K	$23K	—
Short	BingX INIT-USDT	0.08030	0.0100	get 0.0050% / 4h	2h 00m	—	$6.6M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BingXbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$10
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.033%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 BingX live order book, 13 min ago	5.58 bp	27.6 bp −$28	64.5 bp −$645	407.9 bp −$40.8K	691.8 bp −$345.9K

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.

INIT on 13 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin INIT-USDT	+0.0041%	4h	$159K	$106K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	$290K	$242K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	$26K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	$3.3M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$131K	$629K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	$82K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	$435K	$215K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$319K	$58K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	$419K	$313K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX INIT-USDTshort	+0.0100%	4h	—	$6.6M	—
Variational Omni INITlong	+0.0100%	4h	$25K	$23K	—
Kraken Futures PF_INITUSD	+0.0289%	1h	$5K	$20K	10x	as long as short