Settings8H · net · $10k
Funding arb · Price arb /

NOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.119%
Price spread now: Injective against Variational Omni−4.742%106s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 4.742% cheaper against Variational Omni than usual: you would sell low and buy high (spread −4.742% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$474 on $10k: about 3 months of funding at the current rate (+$5 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NOT0.0005117−0.0124get 0.0062% / 4h3h 09m$72K$39K
ShortInjective NOT/USDC PERP0.00048740.0033get 0.0004% / 1h9m 29s$1K$13K5.5x

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

Funding earned
$33
Price spread: −4.742% → 0.000%
−$474.25
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
−$441.26
Costs to cover
0.000%
Break-even
100.6 days
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
LegHalf-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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NOTUSD−0.0331%1h0.0005119+0.050%$50K$10K10xas long as short
Variational Omni NOTlong−0.0124%4h0.0005117long leg$72K$39K
Injective NOT/USDC PERPshort+0.0033%1h0.0004874−4.742%$1K$13K5.5x
BloFin NOT-USDT+0.0072%4h0.0005124+0.144%$112K$17K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005134+0.337%$12K$5K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005130+0.261%$375K$52K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005123+0.120%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005123+0.130%$2.1M$3.1M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005117+0.007%$2.2M$829K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005125+0.163%$636K$616K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NOT_USDT+0.0100%4h0.0005120+0.065%$143K$79K50xas long as short
MEXC NOT_USDT+0.0100%4h0.0005123+0.124%$1.4M$466K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005118+0.026%$467K$135K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005125+0.163%$673K$395K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005122+0.104%$723Kas long as short
Extended kNOT-USD+0.0104%1h0.0005122+0.114%$4K$4915xas long as short