Funding arb · Price arb /

MOG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.016%

Price spread now: Kraken Futures against Variational Omni−0.346%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

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 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. Kraken Futures is 0.346% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.346% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 47 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000000MOG	0.0000001211	0.0100	pay 0.0050% / 4h	2h 55m	$6K	$14K	—
Short	Kraken Futures PF_MOGUSD	0.0000001207	0.0689	get 0.0086% / 1h	55m 40s	$48K	$41K	10x

Funding 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 it

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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.346%Rate

Funding earned: $123.76
Price spread: −0.346% → 0.000%: −$34.57
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: $79.19
Costs to cover: 0.100%
Break-even: 2.5 days

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and Kraken Futures: 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.

MOG 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
Deribit 1000MOG_USDC-PERPETUAL	−0.6318%	1h	0.0000001210	−0.106%	$32K	$30K	10x	as long as short
BloFin 1000000MOG-USDT	+0.0092%	4h	0.0000001205	−0.519%	$78K	$21K	50x	as long as short
Binance 1000000MOGUSDT	+0.0100%	4h	0.0000001210	−0.106%	$1.2M	$4.1M	50x	as long as short
Bybit 1000000MOGUSDT	+0.0100%	4h	0.0000001209	−0.189%	$1.7M	$2.4M	50x	as long as short
Gate MOG_USDT	+0.0100%	4h	0.0000001208	−0.271%	$445K	$347K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001208	−0.271%	$717K	$223K	100x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001206	−0.437%	$339K	$169K	50x	as long as short
Variational Omni 1000000MOGlong	+0.0100%	4h	0.0000001211	long leg	$6K	$14K	—
BingX 1000000MOG-USDT	+0.0200%	4h	0.0000001207	−0.354%	—	$1.4M	—	as long as short
KuCoin 1000000MOGUSDTM	+0.0638%	4h	0.0000001211	−0.024%	$665K	$157K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MOGUSDshort	+0.0689%	1h	0.0000001207	−0.346%	$48K	$41K	10x
Coinbase International 1000MOG-PERP-INTX	+0.0792%	1h	0.0000001221	+0.802%	$67K	$10K	25x	as long as short