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Funding arb · Price arb /

USUAL

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.221%
Price spread now: Kraken Futures against Variational Omni+0.518%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Kraken Futures
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. Kraken Futures is 0.518% dearer against Variational Omni than usual: you sell high and buy low (spread +0.518% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USUAL0.013730.0100pay 0.0050% / 4h2h 21m$10K$1K—
ShortKraken Futures PF_USUALUSD0.013810.0086get 0.0011% / 1h21m 34s$109K$19K10x

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
−$2.99
Price spread: +0.518% → 0.000%
$51.85
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
$38.85
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 26 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, 26 min ago38.80 bp46.4 bp −$46doesn't fitdoesn'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.

USUAL 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
Injective USUAL/USDC PERP−0.3949%1h0.01353−1.487%$6K$3K5.5xas long as short
Kraken Futures PF_USUALUSDshort+0.0086%1h0.01381+0.518%$109K$19K10x
Hyperliquid USUAL+0.0100%1h0.01382+0.624%$394K$187K3xas long as short
Binance USUALUSDT+0.0100%4h0.01382+0.595%$2.2M$3.3M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01384+0.785%$1.0M$796K25xas long as short
Gate USUAL_USDT+0.0100%8h0.01379+0.406%$933K$110K50xas long as short
MEXC USUAL_USDT+0.0100%4h0.01382+0.603%$6.1M$269K100xas long as short
KuCoin USUALUSDTM+0.0100%4h0.01379+0.406%$254K$62K20xas long as short
Bitget USUALUSDT+0.0100%4h0.01382+0.624%$801K$406K50xas long as short
BingX USUAL-USDT+0.0100%4h0.01381+0.566%—$1.2M—as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUALlong+0.0100%4h0.01373long leg$10K$1K—