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

PORTAL

all PORTAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.2106%/8h= +230.6% APRpaid last 24h +0.500%
Price spread now: Kraken Futures against Variational Omni+0.228%58s7-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
Both sides work for this trade now. Funding pays +$63 a day on $10k at the current rate, and Kraken Futures is 0.228% dearer against Variational Omni than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PORTAL0.019790.0100pay 0.0050% / 4h2h 21m$1K$6K
ShortKraken Futures PF_PORTALUSD0.019840.2206get 0.0276% / 1h21m 28s$40K$195K10x

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

Funding earned
$442.16
Price spread: +0.228% → 0.000%
$22.81
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
$454.96
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 46 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 Kraken Futures live order book, 46 min ago35.42 bp68.3 bp −$68256.8 bp −$2,568doesn'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.

PORTAL 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
Aster PORTALUSDT+0.0100%4h0.01979−0.004%$8K$36K5xas long as short
Binance PORTALUSDT+0.0100%4h0.01975−0.206%$3.2M$5.1M10xas long as short
Bybit PORTALUSDT+0.0100%4h0.01977−0.115%$1.3M$899K20xas long as short
MEXC PORTAL_USDT+0.0100%4h0.01975−0.206%$883K$390K50xas long as short
KuCoin PORTALUSDTM+0.0100%4h0.01978−0.054%$341K$117K10xas long as short
BingX PORTAL-USDT+0.0100%4h0.01975−0.206%$1.3Mas long as short
Variational Omni PORTALlong+0.0100%4h0.01979long leg$1K$6K
Kraken Futures PF_PORTALUSDshort+0.2206%1h0.01984+0.228%$40K$195K10x