Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0528%/8h= +57.9% APRpaid last 24h −0.020%

Price spread now: Variational Omni against Kraken Futures−0.087%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

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

Funding pays, the price is against you. Variational Omni is 0.087% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_APEUSD	0.1460	−0.0428	get 0.0054% / 1h	5m 59s	$405K	$574K	20x
Short	Variational Omni APE	0.1459	0.0100	get 0.0100% / 8h	1h 05m	$7K	$12K	—

Funding 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

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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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.087%Rate

Funding earned: $110.95
Price spread: −0.087% → 0.000%: −$8.7
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: $92.25
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: live order book, 12 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, 12 min ago	6.84 bp	25.6 bp −$26	148.8 bp −$1,488	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.

APE on 20 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_APEUSDlong	−0.0428%	1h	0.1460	long leg	$405K	$574K	20x
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1459	−0.074%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.408%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1459	−0.063%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.611%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0075%	8h	0.1455	−0.337%	$220K	$48K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1462	+0.135%	$1.3M	$368K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1458	−0.137%	$121K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1459	−0.063%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1459	−0.097%	$3.6M	$2.6M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1459	−0.091%	$1.3M	$1.3M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1459	−0.091%	$630K	$294K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1458	−0.132%	$3.7M	$862K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1458	−0.132%	$1.8M	$1.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1458	−0.132%	$2.1M	$532K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1459	−0.063%	—	$13.5M	—	as long as short
Variational Omni APEshort	+0.0100%	8h	0.1459	−0.087%	$7K	$12K	—
Extended APE-USD	+0.0104%	1h	0.1459	−0.083%	$4K	$220K	10x	as long as short
dYdX APE-USD	+0.0258%	1h	0.1459	−0.033%	$9K	$5	5x	as long as short
Coinbase International APE-PERP-INTX	+0.0688%	1h	0.1462	+0.142%	$98K	$7K	25x	as long as short