INIT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.146%

7d average—if it closes, per $10,000$15funding while held, a day+$0.00

Long on Variational Omni Short on KuCoin

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INIT	0.08106	0.0100	pay 0.0050% / 4h	57m 57s	$26K	$23K	—
Short	KuCoin INITUSDTM	0.08118	0.0100	get 0.0050% / 4h	57m 57s	$323K	$57K	25x

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 Variational OmnibpFee KuCoinbpOrdersClose when spread is

Spread captured: $14.55
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.55
Spread needed to break even: 0.120%

Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 31 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 31 min ago	12.30 bp	549.6 bp −$550	doesn't fit	doesn't fit	doesn't fit

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.

Bybit0.08103cheapest Gate0.08106+0.037%

Variational Omni0.08106+0.040%

BingX0.08109+0.074%Aster0.08110+0.083%OKX0.08111+0.099%BloFin0.08111+0.099%Hyperliquid0.08111+0.101%Bitget0.08112+0.111%MEXC0.08113+0.123%Binance0.08116+0.162%

KuCoin0.08118+0.185%

Kraken Futures0.08123+0.250%

INIT on 13 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit INITUSDT	−0.040%	+0.0100%	4h	$1.4M	$1.4M	25x	as long as short
Gate INIT_USDT	−0.003%	+0.0100%	8h	$82K	$56K	25x	as long as short
Variational Omni INITlong	0.000%	+0.0100%	4h	$26K	$23K	—
BingX INIT-USDT	+0.035%	+0.0100%	4h	—	$6.6M	—	as long as short
Aster INITUSDT	+0.043%	+0.0100%	4h	$27K	$36K	5x	as long as short
OKX INIT-USDT-SWAP	+0.059%	+0.0100%	4h	$132K	$635K	10x	as long as short
BloFin INIT-USDT	+0.059%	+0.0078%	4h	$158K	$107K	25x	as long as short
Hyperliquid INIT	+0.062%	+0.0100%	1h	$293K	$240K	3x	as long as short
Bitget INITUSDT	+0.072%	+0.0100%	4h	$424K	$313K	25x	as long as short
MEXC INIT_USDT	+0.084%	+0.0100%	4h	$439K	$212K	20x	as long as short

Show all 13 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance INITUSDT	+0.123%	+0.0100%	4h	$3.4M	$3.6M	25x	as long as short
KuCoin INITUSDTMshort	+0.146%	+0.0100%	4h	$323K	$57K	25x
Kraken Futures PF_INITUSD	+0.211%	+0.0398%	1h	$6K	$18K	10x	as long as short