INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.003%

Price spread now: Variational Omni against BloFin−0.388%71s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.388% cheaper against BloFin than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 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	BloFin INIT-USDT	0.08324	0.0136	pay 0.0068% / 4h	3h 11m	$154K	$113K	25x
Short	Variational Omni INIT	0.08292	0.0100	get 0.0050% / 4h	3h 11m	$26K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.388%Rate

Funding earned: −$7.6
Price spread: −0.388% → 0.000%: −$38.79
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$58.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 45 min ago; 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 BloFin live order book, 45 min ago	2.42 bp	25.3 bp −$25	62.6 bp −$626	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 on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08313	−0.130%	$302K	$234K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08311	−0.156%	$27K	$37K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08315	−0.108%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08314	−0.120%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08310	−0.168%	$137K	$646K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08310	−0.168%	$84K	$55K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08317	−0.084%	$451K	$220K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08311	−0.156%	$331K	$54K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08308	−0.192%	$432K	$304K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08317	−0.084%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INITshort	+0.0100%	4h	0.08292	−0.388%	$26K	$23K	—
BloFin INIT-USDTlong	+0.0136%	4h	0.08324	long leg	$154K	$113K	25x
Kraken Futures PF_INITUSD	+0.0191%	1h	0.08319	−0.056%	$5K	$17K	10x	as long as short