INIT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.164%

7d average—if it closes, per $10,000$16funding while held, a day+$0.00

Long on Binance Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INITUSDT	0.08124	0.0100	pay 0.0050% / 4h	2h 42m	$3.4M	$3.7M	25x
Short	Variational Omni INIT	0.08137	0.0100	get 0.0050% / 4h	2h 42m	$26K	$22K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BinancebpFee Variational OmnibpOrdersClose when spread is

Spread captured: $16.35
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.35
Spread needed to break even: 0.100%

Slippage unknown: Binance: live order book, 11 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
Average in range /8h: —

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 Binance live order book, 11 min ago	1.83 bp	32.7 bp −$33	95.1 bp −$951	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

INIT price on every exchange

against the cheapest. Click to use as the short leg.

OKX0.08123cheapest

Binance0.08124+0.012%

MEXC0.08125+0.025%BingX0.08125+0.025%Bybit0.08126+0.037%Kraken Futures0.08128+0.057%Hyperliquid0.08131+0.094%Gate0.08133+0.123%Bitget0.08133+0.123%Aster0.08135+0.142%

Variational Omni0.08137+0.176%

KuCoin0.08139+0.197%BloFin0.08158+0.431%

INIT on 13 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX INIT-USDT-SWAP	−0.012%	+0.0100%	4h	$132K	$643K	10x	as long as short
Binance INITUSDTlong	0.000%	+0.0100%	4h	$3.4M	$3.7M	25x
MEXC INIT_USDT	+0.012%	+0.0100%	4h	$498K	$202K	20x	as long as short
BingX INIT-USDT	+0.012%	+0.0100%	4h	—	$6.6M	—	as long as short
Bybit INITUSDT	+0.025%	+0.0100%	4h	$1.4M	$1.4M	25x	as long as short
Kraken Futures PF_INITUSD	+0.045%	+0.0286%	1h	$6K	$20K	10x	as long as short
Hyperliquid INIT	+0.081%	+0.0100%	1h	$298K	$240K	3x	as long as short
Gate INIT_USDT	+0.111%	+0.0100%	8h	$83K	$56K	25x	as long as short
Bitget INITUSDT	+0.111%	+0.0100%	4h	$426K	$318K	25x	as long as short
Aster INITUSDT	+0.130%	+0.0100%	4h	$27K	$36K	5x	as long as short

Show all 13 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni INITshort	+0.164%	+0.0100%	4h	$26K	$22K	—
KuCoin INITUSDTM	+0.185%	+0.0100%	4h	$324K	$58K	25x	as long as short
BloFin INIT-USDT	+0.419%	+0.0150%	4h	$163K	$107K	25x	as long as short