Funding you earn now, next payment 09:00 UTC−0.4252%/8h= −465.6% APRpaid last 24h −1.405%
Price spread now: Injective against Variational Omni−1.315%61s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$128 a day on $10k at the current rate, and Injective is 1.315% cheaper against Variational Omni than usual: you would sell low and buy high (−$132 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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 | Variational Omni USUAL | 0.01389 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $10K | $1K | — |
| Short | Injective USUAL/USDC PERP | 0.01371 | −0.4152 | pay 0.0519% / 1h | 50m 17s | $6K | $3K | 5.5x |
Variational Omni USUAL
Injective USUAL/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$892.94
- Price spread: −1.315% → 0.000%
- −$131.51
- 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
- −$1,024.48
- Costs to cover
- 0.000%
- Break-even
- never at this rate
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| Leg | Half-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.
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPshort | −0.4152% | 1h | 0.01371 | −1.315% | $6K | $3K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0124% | 1h | 0.01388 | −0.118% | $111K | $21K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01387 | −0.163% | $394K | $178K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01387 | −0.166% | $2.2M | $3.1M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01388 | −0.084% | $1.0M | $739K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01387 | −0.163% | $938K | $93K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01387 | −0.178% | $6.1M | $248K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01390 | +0.052% | $266K | $47K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01388 | −0.091% | $799K | $383K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01388 | −0.091% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUALlong | +0.0100% | 4h | 0.01389 | long leg | $10K | $1K | — |