Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h +0.221%

Price spread now: Variational Omni against Kraken Futures−0.306%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.306% cheaper against Kraken Futures than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONTUSD	0.05605	0.1060	pay 0.0132% / 1h	13m 04s	$9K	$397	10x
Short	Variational Omni ONT	0.05588	0.0671	get 0.0335% / 4h	13m 04s	$4K	$3K	—

Funding 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 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.306%Rate

Funding earned: −$81.71
Price spread: −0.306% → 0.000%: −$30.58
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: −$122.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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.

ONT on 12 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
OKX ONT-USDT-SWAP	−0.0008%	4h	0.05599	−0.112%	$782K	$900K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05603	−0.037%	$26K	$168	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05604	−0.017%	$2.4M	$2.7M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05599	−0.112%	$172K	$60K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05603	−0.041%	$1.5M	$152K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05605	−0.005%	$515K	$38K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05602	−0.058%	$801K	$281K	50x	as long as short
BloFin ONT-USDT	+0.0130%	4h	0.05606	+0.013%	$128K	$15K	50x	as long as short
Variational Omni ONTshort	+0.0671%	4h	0.05588	−0.306%	$4K	$3K	—
BingX ONT-USDT	+0.0888%	4h	0.05601	−0.076%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONTUSDT	+0.0963%	4h	0.05591	−0.255%	$794K	$311K	25x	as long as short
Kraken Futures PF_ONTUSDlong	+0.1060%	1h	0.05605	long leg	$9K	$397	10x