Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1484%/8h= −162.5% APRpaid last 24h −0.271%

Price spread now: Kraken Futures against Variational Omni−0.003%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$45 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AIXBT	0.02300	0.0100	pay 0.0050% / 4h	3h 57m	$101K	$10K	—
Short	Kraken Futures PF_AIXBTUSD	0.02300	−0.1384	pay 0.0173% / 1h	57m 58s	$19K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 it

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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$311.57
Price spread: −0.003% → 0.000%: −$0.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$321.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Kraken Futures: 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 RFQ quote, 26 min ago	13.08 bp	doesn't fit	287.8 bp −$2,878	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_AIXBTUSDshort	−0.1384%	1h	0.02300	−0.003%	$19K	$5K	10x
BloFin AIXBT-USDT	+0.0062%	4h	0.02301	+0.039%	$120K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02304	+0.165%	$393K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02302	+0.088%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02300	−0.004%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02302	+0.083%	$457K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02301	+0.039%	$202K	$82K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02301	+0.039%	$652K	$223K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02302	+0.083%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02304	+0.170%	$674K	$544K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02303	+0.126%	—	$6.6M	—	as long as short
Variational Omni AIXBTlong	+0.0100%	4h	0.02300	long leg	$101K	$10K	—
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02298	−0.078%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02298	−0.107%	—	—	—	as long as short