Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.127%

Price spread now: Variational Omni against Injective−2.402%7-day average — · you buy dearer than you sell

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 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

Funding pays, the price is against you. Variational Omni is 2.402% cheaper against Injective than usual: you would sell low and buy high (spread −2.402% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$240 on $10k: about 4 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALT/USDC PERP	0.007691	0.0033	pay 0.0004% / 1h	50m 43s	$837	$22	5.5x
Short	Variational Omni ALT	0.007506	0.0100	get 0.0050% / 4h	3h 50m	$4K	$14K	—

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 −2.402%Rate

Funding earned: $14
Price spread: −2.402% → 0.000%: −$240.2
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: −$226.22
Costs to cover: 0.000%
Break-even: 120.1 days

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.

ALT on 14 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 ALT_USDC-PERPETUAL	+0.0016%	1h	0.007517	−2.262%	—	$0	25x	as long as short
Injective ALT/USDC PERPlong	+0.0033%	1h	0.007691	long leg	$837	$22	5.5x
Hyperliquid ALT	+0.0100%	1h	0.007507	−2.392%	$1.1M	$135K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007512	−2.327%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007503	−2.444%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007502	−2.457%	$49K	$376K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007511	−2.340%	$378K	$166K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007510	−2.353%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007502	−2.457%	$601K	$143K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007506	−2.405%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALTshort	+0.0100%	4h	0.007506	−2.402%	$4K	$14K	—
BloFin ALT-USDT	+0.0138%	4h	0.007502	−2.457%	$168K	$8K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0382%	1h	0.007514	−2.303%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	−2.171%	$13K	$2K	50x	as long as short