INIT

Alert

Funding spread now, next payment 20:00 UTC−0.0013%/8h

next payment, per $10,000−$0.07paid, last 24h0.000%paid, last 3 days+0.128%to open and closeno order book

Long on Variational Omni Short on BloFin

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INIT	0.08291	0.0100	pay 0.0050% / 4h	3h 30m	$27K	$22K	—
Short	BloFin INIT-USDT	0.08306	0.0087	get 0.0043% / 4h	3h 30m	$164K	$109K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BloFinbpOrdersRate

Funding earned: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.74
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 63 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.181%
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 BloFin live order book, 63 min ago	6.71 bp	14.9 bp −$15	48.1 bp −$481	doesn't fit	doesn't fit

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
Kraken Futures PF_INITUSD	−0.0485%	1h	$6K	$20K	10x	as long as short
BloFin INIT-USDTshort	+0.0087%	4h	$164K	$109K	25x
Hyperliquid INIT	+0.0100%	1h	$305K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$135K	$654K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	$84K	$57K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	$500K	$201K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$329K	$58K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget INITUSDT	+0.0100%	4h	$432K	$319K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	—	$6.6M	—	as long as short
Variational Omni INITlong	+0.0100%	4h	$27K	$22K	—