Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h −0.481%

Price spread now: Variational Omni against Kraken Futures−0.187%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.187% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 9.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LPTUSD	1.7145	0.0031	pay 0.0004% / 1h	48m 51s	$46K	$107K	25x
Short	Variational Omni LPT	1.7113	0.0100	get 0.0050% / 4h	2h 48m	$6K	$3K	—

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

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.187%Rate

Funding earned: $14.48
Price spread: −0.187% → 0.000%: −$18.68
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: −$14.2
Costs to cover: 0.100%
Break-even: 13.9 days

Slippage unknown: Kraken Futures: live order book, 18 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 18 min ago	18.78 bp	36.7 bp −$37	222.8 bp −$2,228	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

LPT on 12 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
Kraken Futures PF_LPTUSDlong	+0.0031%	1h	1.7145	long leg	$46K	$107K	25x
BloFin LPT-USDT	+0.0057%	4h	1.7140	−0.031%	$202K	$29K	50x	as long as short
Aster LPTUSDT	+0.0100%	4h	1.7152	+0.040%	$2K	$19K	5x	as long as short
Binance LPTUSDT	+0.0100%	4h	1.7170	+0.144%	$3.5M	$10.8M	50x	as long as short
Bybit LPTUSDT	+0.0100%	4h	1.7176	+0.179%	$1.8M	$2.0M	25x	as long as short
OKX LPT-USDT-SWAP	+0.0100%	4h	1.7170	+0.144%	$1.4M	$3.2M	20x	as long as short
Gate LPT_USDT	+0.0100%	8h	1.7170	+0.144%	$247K	$849K	50x	as long as short
MEXC LPT_USDT	+0.0100%	4h	1.7160	+0.085%	$2.0M	$991K	50x	as long as short
KuCoin LPTUSDTM	+0.0100%	4h	1.7150	+0.027%	$303K	$183K	50x	as long as short
Bitget LPTUSDT	+0.0100%	4h	1.7160	+0.085%	$1.3M	$824K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LPT-USDT	+0.0100%	4h	1.7180	+0.202%	—	$2.5M	—	as long as short
Variational Omni LPTshort	+0.0100%	4h	1.7113	−0.187%	$6K	$3K	—