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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1571%/8h= +172.0% APRpaid last 24h +0.251%

Price spread now: Variational Omni against Kraken Futures−0.031%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 3 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 0.031% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$47 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CATIUSD	0.06712	−0.1471	get 0.0184% / 1h	14m 56s	$8K	$10K	10x
Short	Variational Omni CATI	0.06710	0.0100	get 0.0050% / 4h	1h 14m	$656	$3	—

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 −0.031%Rate

Funding earned: $329.92
Price spread: −0.031% → 0.000%: −$3.06
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: $316.86
Costs to cover: 0.100%
Break-even: 0.3 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.

CATI on 10 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_CATIUSDlong	−0.1471%	1h	0.06712	long leg	$8K	$10K	10x
Binance CATIUSDT	+0.0100%	4h	0.06716	+0.063%	$3.7M	$1.9M	50x	as long as short
Bybit CATIUSDT	+0.0100%	4h	0.06709	−0.041%	$1.0M	$302K	25x	as long as short
Gate CATI_USDT	+0.0100%	4h	0.06708	−0.056%	$71K	$61K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06719	+0.108%	$568K	$244K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06717	+0.078%	$231K	$29K	30x	as long as short
Bitget CATIUSDT	+0.0100%	4h	0.06723	+0.168%	$358K	$76K	50x	as long as short
BingX CATI-USDT	+0.0100%	4h	0.06722	+0.153%	—	$6.5M	—	as long as short
Variational Omni CATIshort	+0.0100%	4h	0.06710	−0.031%	$656	$3	—
BloFin CATI-USDT	+0.0152%	4h	0.06728	+0.242%	$241K	$42K	50x	as long as short