Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against Variational Omni+2.242%61s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 2.242% dearer against Variational Omni than usual: you sell high and buy low (spread +2.242% now, against zero (this spread has no 7-day history yet)): +$224 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. 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 W | 0.01182 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $71K | $42K | — |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 58m 15s | $1K | $1K | 12x |
Variational Omni W
Injective W/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
- −$14
- Price spread: +2.242% → 0.000%
- $224.18
- 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
- $210.16
- Costs to cover
- 0.000%
- Break-even
- from the start
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.
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 | −0.0339% | 1h | 0.01188 | +0.500% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +2.242% | $1K | $1K | 12x | |
| OKX W-USDT-SWAP | +0.0050% | 4h | 0.01188 | +0.424% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01189 | +0.551% | $2.0M | $416K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01190 | +0.652% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01187 | +0.407% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | +0.415% | $448K | $283K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01188 | +0.500% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01189 | +0.551% | $467K | $215K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | +0.551% | $1.3M | $571K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
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 | 0.01188 | +0.500% | — | $6.9M | — | as long as short |
| Variational Omni Wlong | +0.0100% | 4h | 0.01182 | long leg | $71K | $42K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01185 | +0.212% | $127K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01188 | +0.505% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01189 | +0.576% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1318% | 1h | 0.01193 | +0.870% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1344% | 1h | 0.01189 | +0.567% | $44K | $47K | 15x | as long as short |
BingX W-USDT
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP