Funding you earn now, next payment 08:00 UTC−0.0941%/8h= −103.0% APRpaid last 24h −0.250%
Price spread now: Variational Omni against Kraken Futures−0.062%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Variational Omni is 0.062% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPELLUSD | 0.00009139 | 0.1041 | pay 0.0130% / 1h | 23m 41s | $15K | $2K | 10x |
| Short | Variational Omni SPELL | 0.00009133 | 0.0100 | get 0.0100% / 8h | 23m 41s | $111 | $2K | — |
Kraken Futures PF_SPELLUSD
Variational Omni SPELLFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$197.59
- Price spread: −0.062% → 0.000%
- −$6.22
- 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
- −$213.81
- 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| Leg | Half-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.
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDT | +0.0100% | 8h | 0.00009126 | −0.142% | $1.5M | $1.6M | 50x | as long as short |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009130 | −0.098% | $51K | $20K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009130 | −0.098% | $394K | $143K | 20x | as long as short |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009130 | −0.098% | $190K | $22K | 30x | as long as short |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009130 | −0.098% | $597K | $35K | 25x | as long as short |
| Variational Omni SPELLshort | +0.0100% | 8h | 0.00009133 | −0.062% | $111 | $2K | — | |
| Kraken Futures PF_SPELLUSDlong | +0.1041% | 1h | 0.00009139 | long leg | $15K | $2K | 10x |
Binance SPELLUSDT
Gate SPELL_USDT
MEXC SPELL_USDT
KuCoin SPELLUSDTM
Bitget SPELLUSDT