Funding you earn now, next payment 00:00 UTC−0.2063%/8h= −225.9% APRpaid last 24h −0.346%
Price spread now: Kraken Futures against Variational Omni+0.535%7-day average +0.246% · 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)−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.382%−$38 · spread now +0.535%, 7d avg +0.246%
=Together, before fees−0.413%+ Points / potential airdropVariational Omni: Active · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.289% dearer against Variational Omni than usual: you sell high and buy low (spread +0.535% now, against its 7-day average of +0.246%): +$29 on $10k if it goes back. Holding the pair costs −$62 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 3 days (−0.031% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.5% 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 | Variational Omni AR | 4.5609 | 0.0100 | pay 0.0100% / 8h | 57m 35s | $139K | $173K | — |
| Short | Kraken Futures PF_ARUSD | 4.5853 | −0.1963 | pay 0.0245% / 1h | 57m 35s | $47K | $157K | 20x |
Variational Omni AR
Kraken Futures PF_ARUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$433.22
- Price spread: +0.535% → +0.246%
- $28.86
- 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
- −$414.35
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Kraken Futures: live order book, 20 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 Variational Omni RFQ quote, 21 min ago | 6.02 bp | doesn't fit | 150.0 bp −$1,500 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 20 min ago | 14.23 bp | 27.0 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
AR on 17 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_ARUSDshort | −0.1963% | 1h | 4.5853 | +0.535% | $47K | $157K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5890 | +0.617% | $590K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | +0.0014% | 8h | 4.5800 | +0.419% | $2.4M | $20.9M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +0.244% | $3K | $339 | 5.5x | as long as short |
| MEXC AR_USDT | +0.0054% | 8h | 4.5820 | +0.463% | $6.9M | $4.4M | 100x | as long as short |
| Binance ARUSDT | +0.0055% | 8h | 4.5820 | +0.463% | $9.0M | $55.6M | 75x | as long as short |
| Extended AR-USD | +0.0056% | 1h | 4.5805 | +0.430% | $37K | $237K | 10x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5926 | +0.695% | $4.1M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5836 | +0.498% | $20K | $613K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5806 | +0.432% | $4.7M | $8.9M | 75x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Injective AR/USDC PERP
MEXC AR_USDT
Binance ARUSDT
Extended AR-USD
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5850 | +0.529% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5900 | +0.638% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5770 | +0.353% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5820 | +0.463% | — | $2.9M | — | as long as short |
| Variational Omni ARlong | +0.0100% | 8h | 4.5609 | long leg | $139K | $173K | — | |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5680 | +0.156% | $58K | $748K | 50x | as long as short |
| BloFin AR-USDT | +0.0175% | 8h | 4.5830 | +0.485% | $432K | $675K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
ApeX Omni ARUSDT
BloFin AR-USDT