Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,071.7 | +0.0066 | pay 0.0066% / 8h | 5h 50m | $3.0M | $3.3M | 20x | Long Variational Omni+15% pts | |
| SHORT | 1,070.9 | +0.0267 | get 0.0033% / 1h | 50m 40s | $234K | $292K | 20x | Short Kraken Futures |
Price gap−0.068%
Funding gap+0.0201% /8h
Funding pays +$6 a day on $10k, but the gap is 0.055% under its 7d average: −$5 if it goes back, about 22 hours of funding. At the last 7 days' pace that is about 7.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0201% /8h now · paid +0.049% over the last 6 days (all we have)
Price−$5spread −0.068% now, avg −0.013% → −0.055% if it goes back
Costs−$290.285% of $10k · taker + slippage, in and out
Result−$29−0.29%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 6 days it paid +0.049% in total, about +0.0026%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kraken Futures price against Variational Omninow
RANGE STATS · 7D
Now−0.068%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 39 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books4.6 / 9.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.02Long Variational Omni: 3 payments, −$1.99; short Kraken Futures: 24 payments, +$8.01.
- Watch: Gap narrower than usual−0.068% vs −0.013%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$234K vs $3.0M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCVariational Omni No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0026%/8h × 21 periods+$5.45
Price spread−0.068% → −0.013% (7d avg)−$5.49
Slippage, 4 orderslive order books−$18.55
Fee Variational Omni bp × 2 orders$0.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$28.58
Costs to cover0.285%Break-even43.7 days
Slippage: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni1.914.6 bp−$57.3 bp−$73doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures3.089.6 bp−$1023.4 bp−$234doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 16:30 | Vest Markets | Other | $MU is up around 1.6% on the session, with Netlist seeking a US import ban on its high bandwidth memory chips. Baird raised its price target to $1,520 from $1,280 on Monday, with fiscal fourth-quarter results due Wednesday. Trade $MU volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
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| 09-29 11:07 | RISEx | Points | Micron reports after the US close on September 30. The entire memory trades will take its cue from that print. For the next two weeks, these three get a 20% boost on points: $MU $SKHYNIX $NVDA Trade Memory Week on RISEx @risextrade on X ↗ |
| 09-28 15:30 | Vest Markets | Other | Chip names are leading the market lower, with $AMD down around 5% and $INTC around 6%. $AMD is giving back part of the advance that took it above a $1 trillion market cap last week, with $SNDK down around 5% and $MU around 4%. Treasury yields are back at 2007 levels, with crude higher alongside Trump's rejection of Iran's proposal to reopen the Strait of Hormuz. @VestExchange on X ↗ |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-26 14:34 | Backpack | Other | Earnings & macro events to watch for the week of September 28. ▸ Earnings: $MU $NKE $ACN $CCL $KMX $JBL ▸ Macro: US PCE inflation, JOLTS job openings, ISM manufacturing, September jobs report Full market calendar → @Backpack on X ↗ |
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