IO

Alert

Funding spread now, next payment 18:00 UTC+1.4100%/8h

paid, last 24h+3.810%paid, last 3 days+11.609%to open and closeno order book

Long on Variational Omni Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IO	0.1497	0.0100	pay 0.0050% / 4h	2h 16m	$30K	$5K	—
Short	Kraken Futures PF_IOUSD	0.1488	1.4200	get 0.1775% / 1h	16m 07s	$41K	$18K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersRate

Funding earned: $2,961.1
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: $2,951.1
Break-even: 0.0 days

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.628%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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.

IO on 14 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0046%	4h	$142K	$32K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	$1.0M	$400K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	$13K	$24K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	$1.1M	$924K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	$226K	$548K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	$1.1M	$237K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	$433K	$608K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	$1.4M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni IOlong	+0.0100%	4h	$30K	$5K	—
Extended IO-USD	+0.0104%	1h	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0160%	1h	$2K	$63K	5.5x	as long as short
Kraken Futures PF_IOUSDshort	+1.4200%	1h	$41K	$18K	10x