Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1477%/8h= +161.8% APRpaid last 24h +0.271%

Price spread now: Variational Omni against Kraken Futures−0.611%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Variational Omni is 0.611% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.611% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 33 hours of funding at the current rate (+$44 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02311	−0.1377	get 0.0172% / 1h	55m 06s	$19K	$5K	10x
Short	Variational Omni AIXBT	0.02297	0.0100	get 0.0050% / 4h	3h 55m	$101K	$10K	—

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.611%Rate

Funding earned: $310.22
Price spread: −0.611% → 0.000%: −$61.15
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: $239.07
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 29 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 no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 29 min ago	13.08 bp	doesn't fit	191.9 bp −$1,919	doesn't fit	doesn't fit

Kraken Futures: 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.

AIXBT on 14 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
Kraken Futures PF_AIXBTUSDlong	−0.1377%	1h	0.02311	long leg	$19K	$5K	10x
Hyperliquid AIXBT	+0.0100%	1h	0.02317	+0.284%	$396K	$207K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02316	+0.242%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02312	+0.033%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02314	+0.142%	$459K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02314	+0.142%	$203K	$82K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02316	+0.228%	$657K	$223K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02313	+0.098%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02316	+0.228%	$677K	$543K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02314	+0.142%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBTshort	+0.0100%	4h	0.02297	−0.611%	$101K	$10K	—
BloFin AIXBT-USDT	+0.0150%	4h	0.02309	−0.075%	$120K	$77K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02311	−0.006%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02310	−0.015%	—	—	—	as long as short