Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.036%
Price spread now: Variational Omni against Injective−2.000%61s7-day average — · 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)—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
Funding pays, the price is against you. Variational Omni is 2.000% cheaper against Injective than usual: you would sell low and buy high (spread −2.000% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$200 on $10k: about 3 months of funding at the current rate (+$2 a day). 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 | Injective W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 36m 11s | $1K | $1K | 12x |
| Short | Variational Omni W | 0.01185 | 0.0100 | get 0.0050% / 4h | 1h 36m | $71K | $41K | — |
Injective W/USDC PERP
Variational Omni WFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- $14
- Price spread: −2.000% → 0.000%
- −$200.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$186.03
- Costs to cover
- 0.000%
- Break-even
- 100.0 days
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Injective and 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0422% | 1h | 0.01189 | −1.646% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01189 | −1.654% | $2.0M | $382K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01190 | −1.606% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01187 | −1.803% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01188 | −1.720% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −1.869% | $448K | $252K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01189 | −1.638% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | −1.820% | $387K | $211K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | −1.654% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01187 | −1.795% | — | $6.8M | — | as long as short |
| Variational Omni Wshort | +0.0100% | 4h | 0.01185 | −2.000% | $71K | $41K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01184 | −2.068% | $126K | $404K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −1.691% | $61K | $238K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01190 | −1.547% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0438% | 1h | 0.01188 | −1.729% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1704% | 1h | 0.01193 | −1.333% | $148K | $180K | 20x | as long as short |
BingX W-USDT
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD