Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1776%/8h= −194.5% APRpaid last 24h −0.243%

Price spread now: Kraken Futures against Variational Omni+0.242%7-day average — · you sell dearer than you buy

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 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

The price spread pays, funding is against you. Kraken Futures is 0.242% dearer against Variational Omni than usual: you sell high and buy low (spread +0.242% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONT	0.05590	0.1688	pay 0.0844% / 4h	2h 34m	$4K	$3K	—
Short	Kraken Futures PF_ONTUSD	0.05603	−0.0088	pay 0.0011% / 1h	34m 09s	$9K	$231	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 +0.242%Rate

Funding earned: −$372.98
Price spread: +0.242% → 0.000%: $24.22
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: −$358.76
Costs to cover: 0.100%
Break-even: from the start

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.

ONT 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_ONTUSDshort	−0.0088%	1h	0.05603	+0.242%	$9K	$231	10x
Aster ONTUSDT	+0.0100%	4h	0.05607	+0.307%	$26K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05604	+0.255%	$2.4M	$2.7M	50x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05599	+0.165%	$803K	$871K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05610	+0.361%	$172K	$61K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05605	+0.272%	$1.4M	$137K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05608	+0.326%	$522K	$54K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05606	+0.290%	$808K	$316K	50x	as long as short
BloFin ONT-USDT	+0.0110%	4h	0.05600	+0.182%	$131K	$25K	50x	as long as short
Variational Omni ONTlong	+0.1688%	4h	0.05590	long leg	$4K	$3K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONTUSDT	+0.1813%	4h	0.05591	+0.021%	$798K	$319K	25x	as long as short
BingX ONT-USDT	+0.1866%	4h	0.05601	+0.200%	—	$2.3M	—	as long as short