Funding you earn now, next payment 05:00 UTC−0.1330%/8h= −145.6% APRpaid last 24h −0.295%
Price spread now: Kraken Futures against Variational Omni−0.148%7-day average +0.235% · 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)−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.148%, 7d avg +0.235%
=Together, before fees+0.195%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Kraken Futures is 0.383% cheaper against Variational Omni than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.235%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.107% in total (about -11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AR | 4.3942 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $233K | $414K | — |
| Short | Kraken Futures PF_ARUSD | 4.3877 | −0.1230 | pay 0.0154% / 1h | 22m 42s | $59K | $143K | 20x |
Variational Omni AR
Kraken Futures PF_ARUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$279.2
- Price spread: −0.148% → +0.235%
- −$38.31
- 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
- −$327.51
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Kraken Futures: live order book, 30 min ago. 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, 31 min ago | 4.98 bp | doesn't fit | 151.3 bp −$1,513 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 30.48 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
AR 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDshort | −0.1230% | 1h | 4.3877 | −0.148% | $59K | $143K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.3903 | −0.089% | $564K | — | 50x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.3880 | −0.140% | $30K | $467K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.3895 | −0.107% | $8.6M | $50.6M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.3880 | −0.141% | $4.5M | $8.5M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.3890 | −0.118% | $2.2M | $17.5M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.3890 | −0.118% | $2.5M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.3890 | −0.118% | $6.0M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.3910 | −0.073% | $1.1M | $1.3M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.3880 | −0.141% | $3.8M | $5.2M | 75x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.0100% | 8h | 4.3890 | −0.118% | — | $2.8M | — | as long as short |
| Variational Omni ARlong | +0.0100% | 8h | 4.3942 | long leg | $233K | $414K | — | |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.3910 | −0.073% | $19K | $714K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.3879 | −0.143% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.3850 | −0.209% | $414K | $468K | 20x | as long as short |
| Hyperliquid AR | +0.0333% | 1h | 4.3943 | +0.003% | $3.7M | $4.4M | 5x | as long as short |
| Injective AR/USDC PERP | +0.0433% | 1h | 4.4240 | +0.678% | $2K | $5K | 5.5x | as long as short |
BingX AR-USDT
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT
Hyperliquid AR
Injective AR/USDC PERP