Funding you earn now, next payment 00:00 UTC+0.0515%/8h= +56.4% APRpaid last 24h +0.143%
Price spread now: Hyperliquid against Variational Omni+0.497%7-day average +0.136% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.175%+$17 on $10k
+Price spread, last 3 days (all we have)−0.514%−$51 · spread now +0.497%, 7d avg +0.136%
=Together, before fees−0.339%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.361% dearer against Variational Omni than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni INJ | 7.9214 | 0.0100 | pay 0.0100% / 8h | 51m 45s | $279K | $157K | — |
| Short | Hyperliquid INJ | 7.9608 | 0.0615 | get 0.0077% / 1h | 51m 45s | $27.0M | $9.6M | 5x |
Variational Omni INJ
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $108.09
- Price spread: +0.497% → +0.136%
- $36.05
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $135.14
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Hyperliquid: live order book, 11 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 Variational Omni RFQ quote, 27 min ago | 3.35 bp | doesn't fit | 44.0 bp −$440 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.65 bp | 9.2 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.9367 | +0.193% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9425 | +0.267% | $92K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.9441 | +0.286% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9390 | +0.222% | $4K | — | 150x | as long as short |
| ApeX Omni INJUSDT | +0.0079% | 1h | 7.9180 | −0.043% | $49K | $348K | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9400 | +0.234% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9380 | +0.209% | $39K | $63K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9480 | +0.335% | $159K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.9510 | +0.373% | $36.2M | $94.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.9437 | +0.281% | $22.0M | $31.7M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
ApeX Omni INJUSDT
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit 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 | 7.9480 | +0.335% | $6.5M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.9430 | +0.272% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.9430 | +0.272% | $9.6M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.9460 | +0.310% | $14.6M | $10.6M | 75x | as long as short |
| Variational Omni INJlong | +0.0100% | 8h | 7.9214 | long leg | $279K | $157K | — | |
| Extended INJ-USD | +0.0104% | 1h | 7.9450 | +0.298% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0201% | 1h | 7.9453 | +0.301% | $879K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9180 | −0.043% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9450 | +0.298% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.9460 | +0.310% | $32.5M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0357% / S −0.0418% | 1h | 7.9394 | +0.226% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0615% | 1h | 7.9608 | +0.497% | $27.0M | $9.6M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9690 | +0.601% | $391K | $730K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9790 | +0.727% | $327K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget 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