Funding you earn now, next payment 02:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Kraken Futures+0.025%7-day average −0.025% · 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)−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.025%, 7d avg −0.025%
=Together, before fees−0.177%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.050% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.025%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.014% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2458 | 0.0353 | pay 0.0044% / 1h | 5m 30s | $6.2M | $12.2M | 50x |
| Short | Variational Omni ADA | 0.2459 | 0.0100 | get 0.0100% / 8h | 6h 05m | $4.2M | $992K | — |
Kraken Futures PF_ADAUSD
Variational Omni ADAFunding 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
- −$53.18
- Price spread: +0.025% → −0.025%
- $4.96
- 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
- −$58.21
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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 live order book, 3 min ago | 2.65 bp | 11.4 bp −$11 | 16.3 bp −$163 | 47.3 bp −$4,735 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 8.18 bp | doesn't fit | 12.3 bp −$123 | doesn't fit | doesn't fit |
ADA on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2457 | −0.055% | $202K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2458 | −0.001% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.510% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2453 | −0.222% | $403K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2462 | +0.124% | $42.9M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2459 | +0.007% | $1.2M | $978K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2458 | 0.000% | $158K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2458 | −0.006% | $103.2M | $369.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2459 | +0.022% | $72.4M | $108.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2461 | +0.103% | $32.7M | $106.9M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2457 | −0.059% | $98.6M | $60.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2458 | −0.019% | $59.1M | $52.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2458 | −0.027% | $29.9M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2460 | +0.063% | $66.0M | $47.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2458 | −0.019% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2459 | +0.026% | $127K | $411K | 15x | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2459 | +0.025% | $4.2M | $992K | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.148% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | −0.527% | $296K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2455 | −0.141% | $56K | $590K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2461 | +0.095% | $94K | $670K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2459 | +0.022% | $6K | $16K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2461 | +0.086% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2461 | +0.098% | $9K | $757K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2460 | +0.042% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.041% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | +0.022% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2457 | −0.043% | $532K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0107% | 8h | 0.2456 | −0.100% | $148K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0108% | 8h | 0.2459 | +0.028% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2449 | −0.405% | $4K | $87K | 10x | as long as short |
| Lighter ADA | +0.0200% | 1h | 0.2460 | +0.063% | $2.4M | $1.0M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2459 | +0.042% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSDlong | +0.0353% | 1h | 0.2458 | long leg | $6.2M | $12.2M | 50x | |
| Deribit ADA_USDC-PERPETUAL | +0.0360% | 1h | 0.2460 | +0.071% | $503K | $470K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2458 | −0.013% | $95K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Phoenix ADA
Lighter ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]