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

SOON

all SOON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.2689%/8h= +294.4% APRpaid last 24h +0.979%
Price spread now: Variational Omni against Kraken Futures−0.354%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
Funding pays, the price is against you. Variational Omni is 0.354% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.354% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 11 hours of funding at the current rate (+$81 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SOONUSD0.19550.0532pay 0.0066% / 1h38m 48s$11K$1K10x
ShortVariational Omni SOON0.19480.3220get 0.1610% / 4h3h 38m$239K$20K

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
$564.62
Price spread: −0.354% → 0.000%
−$35.4
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
$519.22
Costs to cover
0.100%
Break-even
0.6 days
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 35 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 Kraken Futures no order-book sample
Sell Variational Omni RFQ quote, 35 min ago12.88 bpdoesn't fit332.4 bp −$3,324doesn't fitdoesn't fit
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.

SOON 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
KuCoin SOONUSDTM+0.0100%4h0.1961+0.337%$1.8M$3.1M50xas long as short
Extended SOON-USD+0.0272%1h0.1961+0.346%$7K$202K5xas long as short
Binance SOONUSDT+0.0280%4h0.1962+0.371%$8.0M$1.9M50xas long as short
Gate SOON_USDT+0.0356%4h0.1957+0.122%$3.2M$110K50xas long as short
OKX SOON-USDT-SWAP+0.0443%4h0.1960+0.275%$2.0M$446K20xas long as short
Kraken Futures PF_SOONUSDlong+0.0532%1h0.1955long leg$11K$1K10x
Aster SOONUSDT+0.0940%4h0.1956+0.071%$190K$2K5xas long as short
Bitget SOONUSDT+0.1066%4h0.1960+0.275%$9.2M$226K25xas long as short
BingX SOON-USDT+0.2910%4h0.1958+0.173%$6.7Mas long as short
Variational Omni SOONshort+0.3220%4h0.1948−0.354%$239K$20K
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.3643%4h0.1946−0.415%$2.5M$1.1M25xas long as short