Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.024%
Price spread now: Variational Omni against Kraken Futures−0.138%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.138% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 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_ALGOUSD | 0.1095 | 0.0113 | pay 0.0014% / 1h | 36m 28s | $824K | $1.1M | 50x |
| Short | Variational Omni ALGO | 0.1094 | 0.0100 | get 0.0100% / 8h | 2h 36m | $60K | $12K | — |
Kraken Futures PF_ALGOUSD
Variational Omni ALGOFunding 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
- −$2.71
- Price spread: −0.138% → 0.000%
- −$13.85
- 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
- −$26.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; 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 live order book, 2 min ago | 11.41 bp | 25.6 bp −$26 | 53.6 bp −$536 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
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.
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0207% | 1h | 0.1094 | −0.086% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1095 | −0.036% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.269% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1098 | +0.224% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.143% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.172% | $9.5M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1096 | +0.051% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1096 | +0.060% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1095 | −0.050% | $837K | $925K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1097 | +0.133% | $22.8M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1096 | +0.060% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1096 | +0.078% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1096 | +0.087% | — | $3.3M | — | as long as short |
| Variational Omni ALGOshort | +0.0100% | 8h | 0.1094 | −0.138% | $60K | $12K | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1095 | −0.032% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1096 | +0.095% | $4K | $195K | 10x | as long as short |
| Kraken Futures PF_ALGOUSDlong | +0.0113% | 1h | 0.1095 | long leg | $824K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1106 | +0.991% | $63K | $287K | 50x | as long as short |
| Phemex ALGOUSDT | +0.0144% | 8h | 0.1097 | +0.169% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1094 | −0.123% | $473K | $867K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1094 | −0.076% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.2190% | 1h | 0.1096 | +0.076% | $158K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD