Funding you earn now, next payment 00:00 UTC+0.0378%/8h= +41.4% APRpaid last 24h +0.025%
Price spread now: Kraken Futures against Variational Omni−0.007%7-day average +0.037% · 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)+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.007%, 7d avg +0.037%
=Together, before fees+0.188%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.044% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.037%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.038% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.038% in total (about 4.2% 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 LINK | 13.138 | 0.0100 | pay 0.0100% / 8h | 21m 35s | $3.3M | $1.6M | — |
| Short | Kraken Futures PF_LINKUSD | 13.137 | 0.0478 | get 0.0060% / 1h | 21m 35s | $6.9M | $8.2M | 50x |
Variational Omni LINK
Kraken Futures PF_LINKUSDFunding 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
- $79.36
- Price spread: −0.007% → +0.037%
- −$4.43
- 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
- $64.93
- Costs to cover
- 0.100%
- Break-even
- 1.3 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 2 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, 3 min ago | 3.13 bp | doesn't fit | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 3.81 bp | 13.0 bp −$13 | 17.3 bp −$173 | 43.2 bp −$4,324 | doesn't fit |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0091% / S +0.0167% | 1h | 13.129 | −0.066% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.127 | −0.082% | $472K | $2.4M | 3.7x | as long as short |
| Deribit LINK_USDC-PERPETUAL | 0.0000% | 1h | 13.132 | −0.047% | $725K | $136K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0007% | 1h | 13.129 | −0.068% | $133K | — | 150x | as long as short |
| Phoenix LINK | +0.0012% | 1h | 13.129 | −0.068% | $4K | $84K | 10x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −5.617% | $4K | $48K | 12x | as long as short |
| Orderly PERP_LINK_USDC | +0.0044% | 8h | 13.127 | −0.084% | $133K | $1.5M | 20x | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.118 | −0.153% | $2.0M | $2.7M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.112 | −0.200% | $32K | $3K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 13.131 | −0.053% | $401K | $310K | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
Deribit LINK_USDC-PERPETUAL
gTrade (Gains Network) LINK/USD
Phoenix LINK
Injective LINK/USDC PERP
Orderly PERP_LINK_USDC
Lighter LINK
Paradex LINK-USD-PERP
Nado LINK-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster LINKUSDT | +0.0100% | 8h | 13.128 | −0.076% | $1.4M | $3.0M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 13.121 | −0.126% | $276K | $150K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.118 | −0.156% | $121.9M | $305.0M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.115 | −0.175% | $84.5M | $71.2M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.116 | −0.167% | $27.6M | $85.4M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.132 | −0.046% | $184K | $172K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.120 | −0.137% | $130.1M | $12.8M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.120 | −0.137% | $36.6M | $58.1M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.123 | −0.114% | $22.7M | $15.3M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.118 | −0.152% | $54.5M | $30.6M | 75x | as long as short |
| BingX LINK-USDT | +0.0100% | 8h | 13.116 | −0.167% | — | $21.3M | — | as long as short |
| Variational Omni LINKlong | +0.0100% | 8h | 13.138 | long leg | $3.3M | $1.6M | — | |
| edgeX LINKUSDC | +0.0100% | 4h | 13.118 | −0.155% | $43K | $308K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.144 | +0.044% | $592K | $2.7M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.118 | −0.152% | $153K | $669K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 13.133 | −0.038% | $81K | $69K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 13.125 | −0.098% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.148 | +0.076% | $34K | $1.6M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.127 | −0.084% | $5K | $36K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.088 | −0.378% | $644K | $884K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.109 | −0.220% | $667K | $1.9M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.129 | −0.065% | $551K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0160% | 1h | 13.123 | −0.114% | $994K | $2.8M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 13.111 | −0.205% | $5.2M | $17.2M | 75x | as long as short |
| Backpack LINK_USDC_PERP | +0.0224% | 1h | 13.136 | −0.015% | $363K | $377K | 15x | as long as short |
| Hyperliquid LINK | +0.0286% | 1h | 13.137 | −0.008% | $77.9M | $24.0M | 10x | as long as short |
| Reya LINKRUSDPERP | +0.0379% | 1h | 13.124 | −0.107% | $5K | — | 20x | as long as short |
| Kraken Futures PF_LINKUSDshort | +0.0478% | 1h | 13.137 | −0.007% | $6.9M | $8.2M | 50x | |
| Phemex LINKUSDT | +0.0488% | 8h | 13.146 | +0.061% | $20.3M | $11.6M | 50x | as long as short |
| dYdX LINK-USD | +0.0586% | 1h | 13.122 | −0.120% | $348K | $48K | 10x | as long as short |
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDT
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
BloFin LINK-USDT
Backpack LINK_USDC_PERP
Hyperliquid LINK
Reya LINKRUSDPERP
Phemex LINKUSDT
dYdX LINK-USD