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

PIXEL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.9066%/8h= −992.8% APRpaid last 24h +0.075%
Price spread now: Variational Omni against Kraken Futures−0.131%7-day average · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$272 a day on $10k at the current rate, and Variational Omni is 0.131% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PIXELUSD0.0054810.9166pay 0.1146% / 1h29m 38s$5K$1K10x
ShortVariational Omni PIXEL0.0054740.0100get 0.0050% / 4h29m 38s$1K$254

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

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
−$1,903.94
Price spread: −0.131% → 0.000%
−$13.07
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
−$1,927.01
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Variational Omni no order-book sample
Kraken Futures and 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.

PIXEL on 11 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
Aster PIXELUSDT+0.0100%4h0.005472−0.156%$4K$4K5xas long as short
Binance PIXELUSDT+0.0100%4h0.005473−0.141%$1.8M$1.7M25xas long as short
Gate PIXEL_USDT+0.0100%4h0.005476−0.086%$154K$39K50xas long as short
MEXC PIXEL_USDT+0.0100%4h0.005475−0.104%$908K$210K20xas long as short
KuCoin PIXELUSDTM+0.0100%4h0.005473−0.141%$359K$65K25xas long as short
Bitget PIXELUSDT+0.0100%4h0.005473−0.141%$584K$382K25xas long as short
Variational Omni PIXELshort+0.0100%4h0.005474−0.131%$1K$254
BloFin PIXEL-USDT+0.0125%4h0.005466−0.268%$115K$9K50xas long as short
BingX PIXEL-USDT+0.0298%4h0.005476−0.086%$1.3Mas long as short
Bybit PIXELUSDT+0.0305%4h0.005481+0.005%$528K$181K25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PIXELUSDlong+0.9166%1h0.005481long leg$5K$1K10x