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 +0.131%

Price spread now: Injective against Variational Omni+2.584%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

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

The price spread pays, funding is against you. Injective is 2.584% dearer against Variational Omni than usual: you sell high and buy low (spread +2.584% now, against zero (this spread has no 7-day history yet)): +$258 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALT	0.007497	0.0100	pay 0.0050% / 4h	3h 55m	$4K	$14K	—
Short	Injective ALT/USDC PERP	0.007691	0.0033	get 0.0004% / 1h	55m 12s	$837	$22	5.5x

Funding 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 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +2.584%Rate

Funding earned: −$14
Price spread: +2.584% → 0.000%: $258.41
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: $244.39
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.

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	0.0000%	1h	0.007498	+0.010%	—	$0	25x	as long as short
Injective ALT/USDC PERPshort	+0.0033%	1h	0.007691	+2.584%	$837	$22	5.5x
Hyperliquid ALT	+0.0100%	1h	0.007490	−0.097%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007501	+0.050%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007492	−0.070%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007494	−0.044%	$49K	$376K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007493	−0.057%	$377K	$166K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007503	+0.077%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007497	−0.004%	$600K	$143K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007497	−0.004%	—	$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 ALTlong	+0.0100%	4h	0.007497	long leg	$4K	$14K	—
BloFin ALT-USDT	+0.0144%	4h	0.007512	+0.197%	$124K	$8K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007496	−0.014%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.357%	$13K	$2K	50x	as long as short