Funding you earn now, next payment 09:00 UTC−0.3426%/8h= −375.2% APRpaid last 24h −0.586%
Price spread now: Variational Omni against Kraken Futures−1.199%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 −$103 a day on $10k at the current rate, and Variational Omni is 1.199% cheaper against Kraken Futures than usual: you would sell low and buy high (−$120 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_ZKUSD | 0.01209 | 0.3526 | pay 0.0441% / 1h | 57m 04s | $211K | $47K | 25x |
| Short | Variational Omni ZK | 0.01194 | 0.0100 | get 0.0050% / 4h | 3h 57m | $58K | $13K | — |
Kraken Futures PF_ZKUSD
Variational Omni ZKFunding 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
- −$719.56
- Price spread: −1.199% → 0.000%
- −$119.94
- 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
- −$849.51
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 40 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, 40 min ago | 39.10 bp | 90.3 bp −$90 | 19403.4 bp −$194.0K | 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.
ZK on 17 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 ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −3.201% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01200 | −0.719% | $128K | $186K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01200 | −0.686% | $595K | $166K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01200 | −0.754% | $33K | $23K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01203 | −0.504% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01198 | −0.845% | $4.9M | $7.9M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01199 | −0.834% | $5.2M | $2.4M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01197 | −0.983% | $1.0M | $2.1M | 20x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01198 | −0.884% | $305K | $256K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01199 | −0.801% | $973K | $1.7M | 50x | as long as short |
Injective ZK/USDC PERP
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAP
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01199 | −0.801% | $1.4M | $897K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01199 | −0.793% | — | $6.6M | — | as long as short |
| Variational Omni ZKshort | +0.0100% | 4h | 0.01194 | −1.199% | $58K | $13K | — | |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01196 | −1.057% | $156K | $2.1M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01195 | −1.132% | $8K | $628K | 50x | as long as short |
| BloFin ZK-USDT | +0.0139% | 4h | 0.01195 | −1.149% | $160K | $19K | 75x | as long as short |
| Kraken Futures PF_ZKUSDlong | +0.3526% | 1h | 0.01209 | long leg | $211K | $47K | 25x |
Bitget ZKUSDT
BingX ZK-USDT
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
BloFin ZK-USDT