Funding you earn now, next payment 01:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h −0.143%
Price spread now: Variational Omni against Hyperliquid−0.167%7-day average −0.138% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.182%−$18 on $10k
+Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.167%, 7d avg −0.138%
=Together, before fees−0.021%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Variational Omni is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.8571 | 0.0620 | pay 0.0077% / 1h | 57m 11s | $26.6M | $9.3M | 5x |
| Short | Variational Omni INJ | 7.8439 | 0.0100 | get 0.0100% / 8h | 7h 57m | $280K | $160K | — |
Hyperliquid INJ
Variational Omni INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$109.13
- Price spread: −0.167% → −0.138%
- −$2.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$121.07
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 17 min ago. 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 Hyperliquid live order book, 6 min ago | 0.70 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 3.35 bp | doesn't fit | 50.6 bp −$506 | doesn't fit | doesn't fit |
INJ on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | −0.0459% | 8h | 7.8400 | −0.218% | $22.0M | $32.0M | 50x | as long as short |
| Gate INJ_USDT | −0.0232% | 8h | 7.8410 | −0.205% | $2.8M | $4.9M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8412 | −0.203% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0094% | 1h | 7.8452 | −0.151% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8448 | −0.157% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8467 | −0.133% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8469 | −0.130% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8470 | −0.129% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8486 | −0.108% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8480 | −0.116% | $35.7M | $94.9M | 75x | as long as short |
Bybit INJUSDT
Gate INJ_USDT
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8420 | −0.192% | $6.4M | $20.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8480 | −0.116% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8450 | −0.154% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJshort | +0.0100% | 8h | 7.8439 | −0.167% | $280K | $160K | — | |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8540 | −0.039% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8444 | −0.162% | $119K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8488 | −0.105% | $889K | $3.1M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8490 | −0.103% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8440 | −0.167% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8480 | −0.116% | $31.7M | $22.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8482 | −0.114% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0620% | 1h | 7.8571 | long leg | $26.6M | $9.3M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8770 | +0.253% | $385K | $667K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8800 | +0.291% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP