Settings8H · net · $10k
Funding arb · Price arb /

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h +0.282%
Price spread now: Variational Omni against Kraken Futures−0.178%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno 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 −$13 a day on $10k at the current rate, and Variational Omni is 0.178% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_C98USD0.016420.0519pay 0.0065% / 1h58m 57s$15K$4K10x
ShortVariational Omni C980.016390.0100get 0.0100% / 8h1h 58m$8K$202

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

Funding earned
−$87.99
Price spread: −0.178% → 0.000%
−$17.78
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
−$115.78
Costs to cover
0.100%
Break-even
never at this rate
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
LegHalf-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.

C98 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin C98-USDT+0.0087%8h0.01639−0.159%$130K$14K50xas long as short
Binance C98USDT+0.0100%8h0.01641−0.058%$1.4M$2.0M50xas long as short
Bybit C98USDT+0.0100%8h0.01640−0.117%$870K$296K25xas long as short
Gate C98_USDT+0.0100%8h0.01643+0.084%$110K$46K25xas long as short
MEXC C98_USDT+0.0100%8h0.01639−0.159%$283K$102K100xas long as short
KuCoin C98USDTM+0.0100%8h0.01641−0.038%$199K$38K20xas long as short
Bitget C98USDT+0.0100%8h0.01642+0.023%$192K$348K50xas long as short
Variational Omni C98short+0.0100%8h0.01639−0.178%$8K$202
Kraken Futures PF_C98USDlong+0.0519%1h0.01642long leg$15K$4K10x