Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0483%/8h= +52.9% APRpaid last 24h −0.109%

Price spread now: Variational Omni against Kraken Futures−0.139%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 0.139% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 23 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007589	−0.0423	get 0.0053% / 1h	59m 08s	$44K	$8K	10x
Short	Variational Omni ALT	0.007579	0.0060	get 0.0030% / 4h	1h 59m	$4K	$16K	—

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

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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.139%Rate

Funding earned: $101.51
Price spread: −0.139% → 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: $77.66
Costs to cover: 0.100%
Break-even: 1.6 days

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.

ALT 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_ALTUSDlong	−0.0423%	1h	0.007589	long leg	$44K	$8K	10x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.343%	$837	$22	5.5x	as long as short
Variational Omni ALTshort	+0.0060%	4h	0.007579	−0.139%	$4K	$16K	—
BloFin ALT-USDT	+0.0062%	4h	0.007588	−0.015%	$169K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007582	−0.094%	$1.1M	$140K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007584	−0.067%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007574	−0.199%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007579	−0.133%	$49K	$381K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007587	−0.028%	$381K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007585	−0.054%	$146K	$19K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007576	−0.173%	$608K	$129K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007583	−0.081%	—	$1.3M	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0409%	1h	0.007589	−0.001%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+1.343%	$14K	$2K	50x	as long as short