Funding you earn now, next payment 01:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.146%
Price spread now: Variational Omni against Hyperliquid−0.156%7-day average −0.140% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.180%−$18 on $10k
+Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.156%, 7d avg −0.140%
=Together, before fees−0.081%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.140%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.8384 | 0.0437 | pay 0.0055% / 1h | 10m 54s | $26.4M | $8.9M | 5x |
| Short | Variational Omni INJ | 7.8262 | 0.0100 | get 0.0100% / 8h | 7h 10m | $279K | $154K | — |
Hyperliquid INJ
Variational Omni INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$70.74
- Price spread: −0.156% → −0.140%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$81.32
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Variational Omni: RFQ quote, 63 min ago. 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 Hyperliquid live order book, 12 min ago | 1.09 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 63 min ago | 3.35 bp | doesn't fit | 50.6 bp −$506 | doesn't fit | doesn't fit |
INJ on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8288 | −0.122% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8224 | −0.204% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8284 | −0.128% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0035% | 1h | 7.8328 | −0.071% | $90K | $8K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8178 | −0.263% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8249 | −0.173% | $149K | $428K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8277 | −0.136% | $35.7M | $92.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8257 | −0.162% | $22.0M | $31.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8240 | −0.184% | $6.4M | $19.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8230 | −0.196% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8250 | −0.171% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8270 | −0.145% | $14.4M | $10.1M | 75x | as long as short |
| Variational Omni INJshort | +0.0100% | 8h | 7.8262 | −0.156% | $279K | $154K | — | |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8160 | −0.286% | $48K | $313K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8210 | −0.222% | $38K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8222 | −0.207% | $116K | $466K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8282 | −0.131% | $886K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8250 | −0.171% | $1.8M | $7.3M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8320 | −0.082% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8270 | −0.145% | $31.7M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8254 | −0.166% | $46K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0437% | 1h | 7.8384 | long leg | $26.4M | $8.9M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8600 | +0.276% | $386K | $639K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8420 | +0.046% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP