Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0883%/8h= +96.6% APRpaid last 24h −0.007%

Price spread now: Variational Omni against Injective+0.207%106s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Variational Omni is 0.207% dearer against Injective than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 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	Injective WIF/USDC PERP	0.2470	−0.0783	get 0.0098% / 1h	43m 23s	$11K	$10K	12x
Short	Variational Omni WIF	0.2475	0.0100	get 0.0050% / 4h	2h 43m	$75K	$70K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersPrice spread, now +0.207%Rate

Funding earned: $185.35
Price spread: +0.207% → 0.000%: $20.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $206.05
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Injective and 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.

WIF on 32 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
Injective WIF/USDC PERPlong	−0.0783%	1h	0.2470	long leg	$11K	$10K	12x
Gate WIF_USDT	−0.0112%	4h	0.2482	+0.486%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2481	+0.450%	$647K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0016%	4h	0.2485	+0.607%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2485	+0.592%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	+0.541%	$803	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0066%	1h	0.2481	+0.429%	$77K	$269K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2484	+0.567%	$140K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2487	+0.688%	$57K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2478	+0.324%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2485	+0.607%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2484	+0.559%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	+0.599%	$18.8M	$111.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	+0.587%	$17.0M	$38.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2484	+0.567%	$6.0M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	+0.567%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2484	+0.567%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2480	+0.405%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2475	+0.207%	$75K	$70K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2474	+0.157%	$274K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	+0.364%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2473	+0.121%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.425%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2483	+0.526%	$170K	$750K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2483	+0.521%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	+0.390%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	+0.405%	$49K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2476	+0.240%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0187%	1h	0.2487	+0.696%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2481	+0.445%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.688%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2483	+0.531%	$0	—	15x	as long as short