Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0510%/8h= +55.8% APRpaid last 24h +0.156%

Price spread now: Kraken Futures against Variational Omni+0.226%7-day average — · you sell dearer than you buy

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 3 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 for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.226% dearer against Variational Omni than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALT	0.007502	−0.0163	get 0.0081% / 4h	1h 07m	$4K	$12K	—
Short	Kraken Futures PF_ALTUSD	0.007519	0.0347	get 0.0043% / 1h	7m 14s	$44K	$8K	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 +0.226%Rate

Funding earned: $107.06
Price spread: +0.226% → 0.000%: $22.57
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: $119.63
Costs to cover: 0.100%
Break-even: from the start

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.

ALT 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
Variational Omni ALTlong	−0.0163%	4h	0.007502	long leg	$4K	$12K	—
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007514	+0.160%	—	$0	25x	as long as short
Bybit ALTUSDT	+0.0025%	4h	0.007499	−0.040%	$1.2M	$1.6M	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.613%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0080%	4h	0.007511	+0.120%	$171K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007508	+0.080%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007511	+0.120%	$2.6M	$3.6M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007500	−0.026%	$50K	$419K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007511	+0.120%	$389K	$190K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007509	+0.093%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007496	−0.080%	$616K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007505	+0.040%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSDshort	+0.0347%	1h	0.007519	+0.226%	$44K	$8K	10x
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.213%	$14K	$3K	50x	as long as short