Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.095%
Price spread now: Kraken Futures against Variational Omni+0.132%7-day average +0.054% · 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)+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.132%, 7d avg +0.054%
=Together, before fees+0.053%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.078% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7139 | 0.0030 | pay 0.0015% / 4h | 2h 05m | $1.1M | $717K | — |
| Short | Kraken Futures PF_ETHFIUSD | 0.7148 | 0.0227 | get 0.0028% / 1h | 5m 27s | $274K | $188K | 20x |
Variational Omni ETHFI
Kraken Futures PF_ETHFIUSDFunding 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
- $41.23
- Price spread: +0.132% → +0.054%
- $7.78
- 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
- $39.01
- Costs to cover
- 0.100%
- Break-even
- 0.4 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 62 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, 4 min ago | 4.89 bp | doesn't fit | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 6.91 bp | 27.8 bp −$28 | 143.4 bp −$1,434 | doesn't fit | doesn't fit |
ETHFI on 23 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 | −0.0450% | 1h | 0.7139 | +0.003% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0202% | 4h | 0.7138 | −0.011% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0106% | 4h | 0.7135 | −0.053% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFIlong | +0.0030% | 4h | 0.7139 | long leg | $1.1M | $717K | — | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.418% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0063% | 8h | 0.7134 | −0.061% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7147 | +0.120% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7147 | +0.123% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7143 | +0.060% | $182K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7133 | −0.081% | $24.8M | $36.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7145 | +0.088% | $18.0M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7150 | +0.158% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7139 | +0.003% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7137 | −0.025% | $15.4M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7135 | −0.053% | $1.2M | $258K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7138 | −0.011% | $6.1M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7136 | −0.039% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7166 | +0.385% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7140 | +0.018% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7131 | −0.107% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7135 | −0.053% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.600% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0227% | 1h | 0.7148 | +0.132% | $274K | $188K | 20x |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX