Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0920%/8h= −100.7% APRpaid last 24h −0.363%

Price spread now: Kraken Futures against Variational Omni−0.977%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 −$28 a day on $10k at the current rate, and Kraken Futures is 0.977% cheaper against Variational Omni than usual: you would sell low and buy high (−$98 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 AIXBT	0.02306	0.0026	pay 0.0013% / 4h	36m 17s	$100K	$11K	—
Short	Kraken Futures PF_AIXBTUSD	0.02283	−0.0894	pay 0.0112% / 1h	36m 17s	$19K	$5K	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

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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 −0.977%Rate

Funding earned: −$193.2
Price spread: −0.977% → 0.000%: −$97.66
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: −$300.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 23 min ago; 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 RFQ quote, 23 min ago	8.63 bp	doesn't fit	297.8 bp −$2,978	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

AIXBT on 14 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_AIXBTUSDshort	−0.0894%	1h	0.02283	−0.977%	$19K	$5K	10x
Variational Omni AIXBTlong	+0.0026%	4h	0.02306	long leg	$100K	$11K	—
Hyperliquid AIXBT	+0.0100%	1h	0.02290	−0.687%	$407K	$225K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02288	−0.761%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02285	−0.891%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02289	−0.718%	$462K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02290	−0.674%	$217K	$136K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02288	−0.761%	$684K	$276K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02288	−0.761%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02290	−0.674%	$639K	$652K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02288	−0.761%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0119%	4h	0.02289	−0.718%	$121K	$91K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02288	−0.753%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02288	−0.770%	—	—	—	as long as short