Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against Variational Omni+2.665%91s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread pays, funding is against you. Injective is 2.665% dearer against Variational Omni than usual: you sell high and buy low (spread +2.665% now, against zero (this spread has no 7-day history yet)): +$266 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 91 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 | Variational Omni W | 0.01178 | 0.0100 | pay 0.0050% / 4h | 39m 44s | $71K | $41K | — |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 39m 44s | $1K | $1K | 12x |
Variational Omni W
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +2.665% → 0.000%
- $266.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $252.45
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Injective: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Variational Omni and Injective: 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0174% | 1h | 0.01179 | +0.075% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +2.665% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.032% | $2.0M | $271K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | −0.036% | $3.0M | $5.2M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.180% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01176 | −0.155% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | −0.129% | $427K | $233K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | −0.027% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01180 | +0.202% | $388K | $192K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.117% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01177 | −0.061% | — | $6.7M | — | as long as short |
| Variational Omni Wlong | +0.0100% | 4h | 0.01178 | long leg | $71K | $41K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01182 | +0.355% | $126K | $378K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | −0.045% | $59K | $341K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0164% | 1h | 0.01179 | +0.151% | $46K | $53K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.703% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1322% | 1h | 0.01179 | +0.150% | $147K | $83K | 20x | as long as short |
BingX W-USDT
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD