Funding you earn now, next payment 00:00 UTC+0.0871%/8h= +95.4% APRpaid last 24h +0.192%
Price spread now: Variational Omni against Kraken Futures+0.213%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Variational Omni is 0.213% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01365 | −0.0771 | get 0.0096% / 1h | 54m 24s | $111K | $18K | 10x |
| Short | Variational Omni USUAL | 0.01368 | 0.0100 | get 0.0050% / 4h | 54m 24s | $9K | $208 | — |
Kraken Futures PF_USUALUSD
Variational Omni USUALFunding 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
- $182.89
- Price spread: +0.213% → 0.000%
- $21.25
- 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
- $194.14
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 23 min ago; 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 live order book, 23 min ago | 26.96 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
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.
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4582% | 1h | 0.01350 | −1.129% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0771% | 1h | 0.01365 | long leg | $111K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01367 | +0.116% | $393K | $203K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01366 | +0.019% | $2.1M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01368 | +0.175% | $1.0M | $826K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01367 | +0.116% | $912K | $202K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01366 | +0.014% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01370 | +0.336% | $281K | $61K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01368 | +0.189% | $825K | $455K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01368 | +0.175% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUALshort | +0.0100% | 4h | 0.01368 | +0.213% | $9K | $208 | — |