Funding arb · Price arb /

YGG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1718%/8h= −188.2% APRpaid last 24h −0.559%

Price spread now: Kraken Futures against Variational Omni−0.182%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short 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

Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Kraken Futures is 0.182% cheaper against Variational Omni than usual: you would sell low and buy high (−$18 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	Variational Omni YGG	0.02618	0.0100	pay 0.0050% / 4h	1h 06m	$2K	$1	—
Short	Kraken Futures PF_YGGUSD	0.02613	−0.1618	pay 0.0202% / 1h	6m 29s	$12K	$3K	10x

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

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$360.87
Price spread: −0.182% → 0.000%: −$18.23
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: −$389.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and 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.

YGG on 12 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
Kraken Futures PF_YGGUSDshort	−0.1618%	1h	0.02613	−0.182%	$12K	$3K	10x
Hyperliquid YGG	+0.0100%	1h	0.02619	+0.057%	$192K	$126K	3x	as long as short
Aster YGGUSDT	+0.0100%	4h	0.02617	−0.047%	$265	$5K	5x	as long as short
Binance YGGUSDT	+0.0100%	4h	0.02617	−0.032%	$2.0M	$2.3M	50x	as long as short
Bybit YGGUSDT	+0.0100%	4h	0.02620	+0.076%	$620K	$491K	25x	as long as short
OKX YGG-USDT-SWAP	+0.0100%	4h	0.02618	−0.001%	$985K	$1.1M	10x	as long as short
Gate YGG_USDT	+0.0100%	4h	0.02616	−0.077%	$289K	$758K	20x	as long as short
MEXC YGG_USDT	+0.0100%	4h	0.02617	−0.039%	$925K	$368K	50x	as long as short
KuCoin YGGUSDTM	+0.0100%	4h	0.02616	−0.077%	$197K	$65K	30x	as long as short
Bitget YGGUSDT	+0.0100%	4h	0.02617	−0.039%	$556K	$183K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX YGG-USDT	+0.0100%	4h	0.02617	−0.039%	—	$2.4M	—	as long as short
Variational Omni YGGlong	+0.0100%	4h	0.02618	long leg	$2K	$1	—