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

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0976%/8h= +106.9% APRpaid last 24h +0.312%
Price spread now: Variational Omni against Kraken Futures+0.115%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Variational Omni is 0.115% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008507−0.1286get 0.0161% / 1h37m 12s$43K$13K20x
ShortVariational Omni GMT0.008517−0.0310pay 0.0310% / 8h1h 37m$4K$6K

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
$205
Price spread: +0.115% → 0.000%
$11.47
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
$206.47
Costs to cover
0.100%
Break-even
from the start
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.

GMT on 12 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
Kraken Futures PF_GMTUSDlong−0.1286%1h0.008507long leg$43K$13K20x
Bybit GMTUSDT−0.0342%8h0.008489−0.215%$1.1M$2.1M50xas long as short
Variational Omni GMTshort−0.0310%8h0.008517+0.115%$4K$6K
KuCoin GMTUSDTM−0.0238%4h0.008510+0.032%$252K$190K50xas long as short
OKX GMT-USDT-SWAP−0.0204%4h0.008484−0.273%$391K$1.2M20xas long as short
Hyperliquid GMT+0.0100%1h0.008490−0.203%$113K$143K3xas long as short
Aster GMTUSDT+0.0100%4h0.008505−0.031%$7K$23K10xas long as short
Binance GMTUSDT+0.0100%4h0.008494−0.161%$2.9M$5.4M50xas long as short
Gate GMT_USDT+0.0100%8h0.008500−0.085%$146K$179K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008493−0.168%$437K$212K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008504−0.038%$676K$631K50xas long as short
BingX GMT-USDT+0.0100%4h0.008497−0.121%$1.3Mas long as short