Funding you earn now, next payment 03:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.012%
Price spread now: Variational Omni against Kraken Futures−0.181%7-day average −0.151% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.205%+$21 · spread now −0.181%, 7d avg −0.151%
=Together, before fees+0.127%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -8.3% 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 | Kraken Futures PF_ICPUSD | 2.9943 | 0.0293 | pay 0.0037% / 1h | 30m 27s | $527K | $641K | 50x |
| Short | Variational Omni ICP | 2.9889 | 0.0065 | get 0.0065% / 8h | 5h 30m | $1.1M | $116K | — |
Kraken Futures PF_ICPUSD
Variational Omni ICPFunding 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
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
- −$47.94
- Price spread: −0.181% → −0.151%
- −$2.98
- 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
- −$60.92
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 33 min ago; Variational Omni: RFQ quote, 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 Kraken Futures live order book, 33 min ago | 5.00 bp | 20.2 bp −$20 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.39 bp | doesn't fit | 35.9 bp −$359 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0017% | 1h | 2.9908 | −0.117% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9914 | −0.097% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9911 | −0.106% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.929% | $202 | $200K | 12x | as long as short |
| Variational Omni ICPshort | +0.0065% | 8h | 2.9889 | −0.181% | $1.1M | $116K | — | |
| Lighter ICP | +0.0096% | 1h | 2.9927 | −0.054% | $162K | $484K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9939 | −0.014% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9926 | −0.057% | $275K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9910 | −0.109% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9900 | −0.144% | $29.4M | $53.5M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9900 | −0.144% | $17.4M | $19.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9910 | −0.111% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9900 | −0.144% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9900 | −0.144% | $19.7M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9900 | −0.144% | $4.9M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9910 | −0.111% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9900 | −0.144% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9877 | −0.221% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9912 | −0.102% | $568K | $492K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9900 | −0.144% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9910 | −0.111% | $105K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9890 | −0.177% | $1.8M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9897 | −0.155% | $23K | $126K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9930 | −0.044% | $1.3M | $2.2M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0293% | 1h | 2.9943 | long leg | $527K | $641K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9940 | −0.010% | $67K | $71K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9908 | −0.119% | $37K | — | 100x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]