Funding you earn now, next payment 00:00 UTC−0.0447%/8h= −49.0% APRpaid last 24h +0.108%
Price spread now: Variational Omni against Kraken Futures−0.242%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.112%−$11 on $10k
+Price spread, last 3 days (all we have)+0.199%+$20 · spread now −0.242%, 7d avg −0.051%
=Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.191% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.112% in total (about -12.4% 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 | Kraken Futures PF_ETHFIUSD | 0.7236 | 0.0547 | pay 0.0068% / 1h | 55m 08s | $279K | $158K | 20x |
| Short | Variational Omni ETHFI | 0.7219 | 0.0100 | get 0.0050% / 4h | 55m 08s | $1.0M | $747K | — |
Kraken Futures PF_ETHFIUSD
Variational Omni ETHFIFunding 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
- −$93.92
- Price spread: −0.242% → −0.051%
- −$19.12
- 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
- −$123.04
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 22 min ago; Variational Omni: RFQ quote, 4 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 Kraken Futures live order book, 22 min ago | 11.16 bp | 31.2 bp −$31 | 138.1 bp −$1,381 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.47 bp | doesn't fit | 38.2 bp −$382 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7232 | −0.056% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0324% | 4h | 0.7213 | −0.318% | $84K | $164K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0193% | 4h | 0.7228 | −0.111% | $17K | $1K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0028% | 4h | 0.7227 | −0.125% | $15.3M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0031% | 4h | 0.7225 | −0.154% | $25.1M | $37.3M | 75x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7227 | −0.124% | $93K | $493K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.055% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0043% | 8h | 0.7224 | −0.166% | $6K | — | 5x | as long as short |
| Aster ETHFIUSDT | +0.0073% | 4h | 0.7229 | −0.099% | $185K | $259K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7237 | +0.009% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7236 | −0.008% | $1.1M | $896K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7237 | +0.012% | $18.3M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7232 | −0.056% | $18.4M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7231 | −0.070% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7231 | −0.070% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7231 | −0.070% | $1.2M | $273K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7229 | −0.097% | $6.2M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7230 | −0.084% | — | $1.2M | — | as long as short |
| Variational Omni ETHFIshort | +0.0100% | 4h | 0.7219 | −0.242% | $1.0M | $747K | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7231 | −0.063% | $60K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7225 | −0.153% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0122% | 4h | 0.7225 | −0.153% | $1.3M | $293K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7228 | −0.111% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0547% | 1h | 0.7236 | long leg | $279K | $158K | 20x |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX