Funding you earn now, next payment 04:00 UTC+0.0481%/8h= +52.6% APRpaid last 24h +0.014%
Price spread now: Kraken Futures against Variational Omni+0.052%7-day average +0.151% · 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)+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.052%, 7d avg +0.151%
=Together, before fees+0.125%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.151%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.082% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.082% in total (about 8.6% 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 | Variational Omni ICP | 2.9460 | 0.0092 | pay 0.0092% / 8h | 4h 49m | $1.1M | $116K | — |
| Short | Kraken Futures PF_ICPUSD | 2.9475 | 0.0573 | get 0.0072% / 1h | 49m 21s | $518K | $626K | 50x |
Variational Omni ICP
Kraken Futures PF_ICPUSDFunding 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
- $100.95
- Price spread: +0.052% → +0.151%
- −$9.91
- 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
- $81.05
- Costs to cover
- 0.100%
- Break-even
- 1.4 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kraken Futures: live order book, 9 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, 5 min ago | 6.10 bp | doesn't fit | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 9 min ago | 8.46 bp | 23.7 bp −$24 | 49.6 bp −$496 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9475 | +0.051% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9442 | −0.061% | $262 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9444 | −0.054% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.696% | $202 | $200K | 12x | as long as short |
| Variational Omni ICPlong | +0.0092% | 8h | 2.9460 | long leg | $1.1M | $116K | — | |
| Lighter ICP | +0.0096% | 1h | 2.9490 | +0.102% | $157K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9463 | +0.011% | $269K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9472 | +0.040% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9450 | −0.033% | $28.9M | $51.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9430 | −0.101% | $17.0M | $18.6M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9450 | −0.033% | $5.6M | $16.6M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9440 | −0.067% | $1.8M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | −0.033% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9450 | −0.033% | $4.8M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9450 | −0.033% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.067% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9598 | +0.471% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9593 | +0.453% | $572K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.033% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9420 | −0.135% | $103K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9470 | +0.034% | $1.7M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9442 | −0.060% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9460 | +0.001% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.849% | $67K | $65K | 50x | as long as short |
| Hyperliquid ICP | +0.0393% | 1h | 2.9493 | +0.113% | $4.5M | $4.9M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9443 | −0.057% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0573% | 1h | 2.9475 | +0.052% | $518K | $626K | 50x |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]