Funding you earn now, next payment 02:00 UTC−0.0949%/8h= −103.9% APRpaid last 24h −0.033%
Price spread now: Variational Omni against Kraken Futures−0.453%7-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
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Variational Omni is 0.453% cheaper against Kraken Futures than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_2ZUSD | 0.05205 | 0.1049 | pay 0.0131% / 1h | 49m 40s | $6K | $3K | 10x |
| Short | Variational Omni 2Z | 0.05182 | 0.0100 | get 0.0050% / 4h | 2h 49m | $33K | $29K | — |
Kraken Futures PF_2ZUSD
Variational Omni 2ZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. 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
- −$199.25
- Price spread: −0.453% → 0.000%
- −$45.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$254.58
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Kraken Futures 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.
2Z 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0553% | 1h | 0.05186 | −0.371% | $45K | $32K | 5x | as long as short |
| Injective 2Z/USDC PERP | +0.0033% | 1h | 0.04980 | −4.328% | $867 | $213 | 5.5x | as long as short |
| Lighter 2Z | +0.0096% | 1h | 0.05193 | −0.236% | $16K | $8K | 3x | as long as short |
| Hyperliquid 2Z | +0.0100% | 1h | 0.05192 | −0.255% | $687K | $354K | 3x | as long as short |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05192 | −0.252% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05190 | −0.294% | $75K | $14K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05190 | −0.296% | $2.1M | $2.3M | 50x | as long as short |
| Bybit 2ZUSDT | +0.0100% | 4h | 0.05191 | −0.275% | $679K | $966K | 50x | as long as short |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05188 | −0.332% | $445K | $697K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05190 | −0.294% | $91K | $68K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Injective 2Z/USDC PERP
Lighter 2Z
Hyperliquid 2Z
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
Bybit 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDT | +0.0100% | 4h | 0.05193 | −0.236% | $289K | $122K | 50x | as long as short |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05189 | −0.309% | $191K | $51K | 50x | as long as short |
| Bitget 2ZUSDT | +0.0100% | 4h | 0.05189 | −0.313% | $149K | $590K | 50x | as long as short |
| BingX 2Z-USDT | +0.0100% | 4h | 0.05189 | −0.313% | — | $6.5M | — | as long as short |
| Variational Omni 2Zshort | +0.0100% | 4h | 0.05182 | −0.453% | $33K | $29K | — | |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05193 | −0.236% | $1K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSDlong | +0.1049% | 1h | 0.05205 | long leg | $6K | $3K | 10x |
MEXC 2Z_USDT
KuCoin 2ZUSDTM
Bitget 2ZUSDT
BingX 2Z-USDT
SunX 2Z-USDT