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

KERNEL

all KERNEL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.4% APRnext payment $1.57 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against Variational Omni+0.662%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 3 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
The price spread pays, funding is against you. Bybit is 0.662% dearer against Variational Omni than usual: you sell high and buy low (spread +0.662% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni KERNEL0.06368−2.1200get 1.0600% / 4h9m 04s$13K$42K
ShortBybit KERNELUSDT0.06410−2.1514pay 1.0757% / 4h9m 04s$2.3M$15.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$65.93
Price spread: +0.662% → 0.000%
$66.24
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$10.7
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 4 min ago. 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 Variational Omni no order-book sample
Sell Bybit live order book, 4 min ago5.45 bp26.0 bp −$26142.2 bp −$1,422doesn't fitdoesn't fit
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.

KERNEL on 8 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
Bybit KERNELUSDTshort−2.1514%4h0.06410+0.662%$2.3M$15.9M20x
Variational Omni KERNELlong−2.1200%4h0.06368long leg$13K$42K
BingX KERNEL-USDT−1.9744%4h0.06352−0.248%$7.4Mas long as short
Binance KERNELUSDT−1.5963%4h0.06361−0.107%$4.0M$77.0M25xas long as short
MEXC KERNEL_USDT−1.5962%4h0.06352−0.248%$1.3M$2.7M20xas long as short
KuCoin KERNELUSDTM−1.5710%4h0.06333−0.547%$329K$568K30xas long as short
Bitget KERNELUSDT−1.5534%4h0.06344−0.374%$1.1M$8.6M25xas long as short
Gate KERNEL_USDT−1.4384%4h0.06352−0.248%$384K$2.1M50xas long as short