Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.006%

Price spread now: Kraken Futures against Variational Omni+0.205%7-day average +0.069% · 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)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+2.125%+$213 · spread now +0.205%, 7d avg +0.069%

Together, before fees+2.147%+ Points / potential airdropVariational Omni: Active · farm board+$215 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.136% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARB	0.2209	−0.0133	get 0.0133% / 8h	5h 04m	$1.8M	$3.0M	—
Short	Kraken Futures PF_ARBUSD	0.2213	−0.0098	pay 0.0012% / 1h	4m 41s	$1.1M	$4.4M	50x

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 +0.205%Rate

Funding earned: $7.31
Price spread: +0.205% → +0.069%: $13.59
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: $10.9
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	4.50 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.58 bp	16.4 bp −$16	25.6 bp −$256	537.1 bp −$53.7K	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1577%	1h	0.2211	+0.103%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0247%	1h	0.2212	+0.149%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0146%	8h	0.2211	+0.103%	$22.3M	$149.1M	50x	as long as short
MEXC ARB_USDT	−0.0146%	8h	0.2212	+0.167%	$38.5M	$59.6M	200x	as long as short
Polymarket Perps ARB-USD	−0.0135%	1h	0.2212	+0.130%	$87K	$2.1M	10x	as long as short
Variational Omni ARBlong	−0.0133%	8h	0.2209	long leg	$1.8M	$3.0M	—
01 Exchange ARBUSD	−0.0128%	1h	0.2210	+0.072%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0118%	1h	0.2212	+0.126%	$10K	$2.3M	5x	as long as short
Gate ARB_USDT	−0.0107%	8h	0.2212	+0.135%	$5.4M	$19.3M	60x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0098%	1h	0.2213	+0.205%	$1.1M	$4.4M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0077%	8h	0.2212	+0.149%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0066%	8h	0.2211	+0.121%	$56.3M	$125.8M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.224%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2212	+0.168%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2210	+0.071%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0020%	8h	0.2212	+0.146%	$64.6M	$306.7M	75x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2214	+0.239%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0070%	8h	0.2211	+0.103%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2210	+0.058%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0078%	8h	0.2213	+0.171%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2213	+0.171%	$140K	$7K	3x	as long as short
ApeX Omni ARBUSDT	+0.0090%	1h	0.2220	+0.511%	$120K	$283K	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.158%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.212%	$38.3M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2211	+0.089%	$647K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2212	+0.147%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.180%	$19.5M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	+0.398%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2223	+0.647%	$482K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.239%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	+0.230%	$301K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2215	+0.284%	$496K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2213	+0.172%	$489K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	+0.163%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2211	+0.117%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	+0.348%	$998K	$2.8M	20x	as long as short