Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Variational Omni−4.623%7-day average — · you buy dearer than you sell

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.623% cheaper against Variational Omni than usual: you would sell low and buy high (−$462 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DEXE	1.9502	0.0100	pay 0.0050% / 4h	3h 55m	$35K	$388	—
Short	Injective DEXE/USDC PERP	1.8600	0.0033	get 0.0004% / 1h	55m 00s	—	$3K	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 −4.623%Rate

Funding earned: −$14
Price spread: −4.623% → 0.000%: −$462.31
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: −$476.33
Costs to cover: 0.000%
Break-even: never at this rate

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.

DEXE on 12 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
Kraken Futures PF_DEXEUSD	−0.0185%	1h	1.9506	+0.021%	$43K	$50K	20x	as long as short
Injective DEXE/USDC PERPshort	+0.0033%	1h	1.8600	−4.623%	—	$3K	5.5x
Binance DEXEUSDT	+0.0100%	4h	1.9512	+0.052%	$7.0M	$8.5M	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9500	−0.008%	$472K	$809K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9500	−0.008%	$1.8M	$224K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9480	−0.111%	$3.2M	$484K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9510	+0.043%	—	$1.8M	—	as long as short
Variational Omni DEXElong	+0.0100%	4h	1.9502	long leg	$35K	$388	—
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9490	−0.059%	$8K	—	10x	as long as short
Aster DEXEUSDT	+0.0104%	4h	1.9510	+0.043%	$173K	$30K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEXE-USDT	+0.0340%	4h	1.9520	+0.094%	$398K	$36K	20x	as long as short
Bybit DEXEUSDT	+0.0369%	4h	1.9527	+0.130%	$2.4M	$915K	20x	as long as short